v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Interest and fees on loans $ 77,336 $ 73,737
Non-loan interest and dividend income 1,732 1,688
Total interest income 79,068 75,425
Interest on deposits 20,736 19,615
Interest on long-term debt 3,613 3,690
Interest on short-term borrowings 660 708
Total interest expense 25,009 24,013
Net interest income 54,059 51,412
Provision for credit losses 22,476 22,014
Net interest income after provision for credit losses 31,583 29,398
Other income    
Gain on equity investments, net 313 9,430
Gain on taxi medallion assets, net 1,099 843
Strategic partnership fees 823 685
Other income 173 641
Other income, net 2,408 11,599
Other expenses    
Salaries and employee benefits 11,000 9,993
Loan servicing fees 3,537 2,817
Collection costs 1,937 1,739
Professional fee costs, net 1,252 1,750
Regulatory fees 979 821
Rent expense 697 675
Depreciation 632 618
Amortization of intangible assets 361 361
Director compensation 432 412
Other expenses 1,547 1,572
Total other expenses 22,374 20,758
Net income (loss) before taxes 11,617 20,239
Income tax provision 4,328 6,713
Net income (loss) 7,289 13,526
Less: income attributable to the non-controlling interest 2,336 1,512
Net income attributable to Medallion Financial Corp. $ 4,953 $ 12,014
Basic earnings per share $ 0.21 $ 0.53
Diluted earnings per share $ 0.2 $ 0.5
Weighted average common shares outstanding    
Basic 23,059,744 22,570,797
Diluted 24,545,801 23,897,167