The following table presents segment data as of and for the year ended December 31, 2025.

(1) Inclusive of recreation and strategic partnership loans held for sale, at lower of amortized cost or fair value.

(3) Allowance for credit loss as a percent of gross loans held for investment and excludes loans held for sale.

(5) Net charge-offs as a percent of annual average gross loans. Charge-off ratio in the recreation lending segment was 3.95% when excluding loans held for sale.

The following table presents segment data as of and for the year ended December 31, 2024.


Year Ended December 31, 2024	Consumer Lending
(Dollars in thousands)	Recreation			Home Improvement			Commercial Lending			Taxi Medallion Lending			Corporate and Other Investments			Consolidated
Total interest income	$	194,131		$	74,036		$	14,007		$	659		$	7,869		$	290,702
Total interest expense		46,123			26,277			4,294			102			11,371			88,167
Net interest income (loss)		148,008			47,759			9,713			557			(3,502	)		202,535
Provision (benefit) for credit losses		67,995			13,458			1,093			(6,035	)		(9	)		76,502
Net interest income (loss) after loss provision		80,013			34,301			8,620			6,592			(3,493	)		126,033
Other income		756			11			7,860			910			1,793			11,330
Operating expenses		(33,128	)		(15,586	)		(4,992	)		(4,573	)		(16,148	)		(74,427	)
Net income (loss) before taxes		47,641			18,726			11,488			2,929			(17,848	)		62,936
Income tax (provision) benefit		(15,181	)		(5,967	)		(3,661	)		(933	)		4,731			(21,011	)
Net income (loss) after taxes		32,460			12,759			7,827			1,996			(13,117	)		41,925
Income attributable to the non-controlling interest																	6,047
Total net income attributable to Medallion Financial Corp.																$	35,878
Balance Sheet Data
Total loan, gross (1)	$	1,543,243		$	827,211		$	111,273		$	1,909		$	7,386		$	2,491,022
Total assets		1,494,445			811,442			106,258			6,573			449,888			2,868,606
Total funds borrowed (2)		1,239,592			673,064			88,137			5,452			373,168			2,379,413
Selected Financial Ratios
Return on average assets		2.29	%		1.66	%		7.38	%		24.25	%		(2.95	)%		1.54	%
Return on average stockholders' equity	*			*			*			*			*				10.12
Return on average equity		15.11			10.76			47.93			151.76			(18.94	)		9.89
Interest yield		13.30			9.45			12.71			23.39		NM				11.58
Net interest margin, gross		10.14			6.09			8.81			16.99		NM				8.05
Net interest margin, net of allowance		10.58			6.24			9.18			28.15		NM				8.35
Reserve coverage (3)		5.00			2.48			4.66			28.29		NM				4.12
Delinquency status (4)		0.67			0.17			14.66			—		NM				1.13
Charge-off (recovery) ratio (5)		3.72			1.78			0.04			(153.72	)	NM				2.69

(1) Inclusive of recreation and strategic partnership loans held for sale, at lower of amortized cost or fair value.

(2) Excludes deferred financing costs of $8.2 million as of December 31, 2024.

(3) Allowance for credit loss as a percent of gross loans held for investment and excludes loans held for sale.

(4) Loans 90 days or more past due as a percent of total gross loans.

(5) Net charge-offs as a percent of annual average gross loans.

(NM) Not meaningful.

(*) Line item is not applicable to segments.

The following table presents segment data as of and for the year ended December 31, 2023.


Year Ended December 31, 2023	Consumer Lending
(Dollars in thousands)	Recreation			Home Improvement			Commercial Lending			Taxi Medallion Lending			Corporate and Other Investments			Consolidated
Total interest income	$	167,765		$	62,703		$	12,719		$	1,596		$	6,257		$	251,040
Total interest expense		31,436			18,137			3,597			72			9,704			62,946
Net interest income (loss)		136,329			44,566			9,122			1,524			(3,447	)		188,094
Provision (benefit) for credit losses		44,592			17,583			1,988			(26,318	)		(35	)		37,810
Net interest income (loss) after loss provision		91,737			26,983			7,134			27,842			(3,412	)		150,284
Other income		376			6			5,971			3,358			1,609			11,320
Operating expenses		(32,601	)		(16,752	)		(3,547	)		(7,256	)		(15,412	)		(75,568	)
Net income (loss) before taxes		59,512			10,237			9,558			23,944			(17,215	)		86,036
Income tax (provision) benefit		(17,231	)		(2,964	)		(2,767	)		(6,933	)		4,985			(24,910	)
Net income (loss) after taxes		42,281			7,273			6,791			17,011			(12,230	)		61,126
Income attributable to the non-controlling interest																	6,047
Total net income attributable to Medallion Financial Corp.																$	55,079
Balance Sheet Data
Total loans, gross	$	1,336,222		$	760,621		$	114,827		$	3,663		$	553		$	2,215,886
Total assets		1,297,870			744,904			110,850			12,247			421,956			2,587,827
Total funds borrowed (1)		1,062,584			609,863			90,754			10,027			345,462			2,118,690
Selected Financial Ratios
Return on average assets		3.36	%		1.04	%		6.65	%		91.25	%		(3.13	)%		2.51	%
Return on average stockholders' equity	*			*			*			*			*				17.33
Return on average equity		21.24			6.60			41.51			574.86			(19.78	)		15.79
Interest yield		13.07			8.86			12.80			26.94		NM				11.19
Net interest margin, gross		10.62			6.29			9.18			25.73		NM				8.38
Net interest margin, net of allowance		11.09			6.45			9.45			61.60		NM				8.68
Reserve coverage (2)		4.31			2.76			3.61			41.93		NM				3.80
Delinquency status (3)		0.70			0.20			5.40			—		NM				0.77
Charge-off (recovery) ratio (4)		3.04			1.33			1.02			(309.96	)	NM				1.48

(1) Excludes deferred financing costs of $8.5 million as of December 31, 2023.

(2) Allowance for credit loss as a percent of gross loans.

(3) Loans 90 days or more past due as a percent of total gross loans.

(4) Net charge-offs as a percent of annual average gross loans.

(NM) Not meaningful.

(*) Line item is not applicable to segments.