v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Interest and fees on loans $ 82,285 $ 75,528 $ 159,621 $ 149,265
Non-loan interest and dividend income 2,092 1,914 3,824 3,602
Total interest income 84,377 77,442 163,445 152,867
Interest on deposits 22,122 19,608 42,858 39,223
Interest on long-term debt 4,973 3,916 8,781 7,606
Interest on short-term borrowings 35 548 500 1,256
Total interest expense 27,130 24,072 52,139 48,085
Net interest income 57,247 53,370 111,306 104,782
Provision for credit losses 22,273 21,562 44,749 43,576
Net interest income after provision for credit losses 34,974 31,808 66,557 61,206
Other income        
Gain on taxi medallion assets, net 1,316 749 2,415 1,592
Strategic partnership fees 1,136 787 1,959 1,472
Gain on sale of recreation loans 1,281 1,304 1,281 1,304
Gain on equity investments, net 232 6,096 545 15,526
Other income 511 273 684 914
Other income, net 4,476 9,209 6,884 20,808
Other expenses        
Salaries and employee benefits 11,247 10,148 22,247 20,141
Loan servicing fees 4,366 2,899 7,903 5,716
Collection costs 1,931 2,033 3,868 3,772
Professional fee costs, net 2,088 1,187 3,340 2,937
Regulatory fees 1,002 1,109 1,981 1,930
Rent expense 698 683 1,395 1,358
Depreciation 656 628 1,288 1,246
Amortization of intangible assets 362 362 723 723
Director compensation 441 424 873 836
Other expenses 2,162 2,072 3,709 3,644
Total other expenses 24,953 21,545 47,327 42,303
Net income (loss) before taxes 14,497 19,472 26,114 39,711
Income tax provision 4,717 5,805 9,045 12,518
Net income (loss) 9,780 13,667 17,069 27,193
Less: income attributable to the non-controlling interest 2,335 2,598 4,671 4,110
Net income attributable to Medallion Financial Corp. $ 7,445 $ 11,069 $ 12,398 $ 23,083
Basic earnings per share $ 0.32 $ 0.49 $ 0.53 $ 1.02
Diluted earnings per share $ 0.31 $ 0.46 $ 0.51 $ 0.96
Weighted average common shares outstanding        
Basic 23,288,732 22,783,947 23,174,870 22,677,961
Diluted 24,013,303 24,058,084 24,280,184 23,978,214