v3.26.1
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Parent [Member]
Noncontrolling Interest [Member]
Balance at Dec. 31, 2024 $ 438,958 $ 293 $ 293,412 $ (50,144) $ 130,256 $ (3,647) $ 370,170 $ 68,788
Balance, shares at Dec. 31, 2024   29,308,182            
Balance, shares at Dec. 31, 2024       (6,172,558)        
Net income 13,526              
Net income         12,014   12,014 1,512
Distributions to non-controlling interest (1,512)             (1,512)
Stock-based compensation expense 1,688 $ 2 1,686       1,688  
Exercise of stock options, value 1   1       1  
Exercise of stock options, shares   265            
Issuance of restricted stock, net, shares   307,059            
Withheld restricted stock for employees' tax obligations, shares   (144,360)            
Withheld restricted stock for employees' tax obligations, value (1,202)   (1,202)       (1,202)  
Forfeiture of restricted stock, net, shares   (3,373)            
Purchase of common stock (in Shares)       (60,185)        
Purchase of common stock (531)     $ (531)     (531)  
Dividends paid on common stock (2,554)       (2,554)   (2,554)  
Other comprehensive income (loss), net of tax 638         638 638  
Ending balance at Mar. 31, 2025 449,012 $ 295 293,897 $ (50,675) 139,716 (3,009) 380,224 68,788
Ending balance, shares at Mar. 31, 2025   29,467,773            
Ending balance, shares at Mar. 31, 2025       (6,232,743)        
Balance at Dec. 31, 2024 438,958 $ 293 293,412 $ (50,144) 130,256 (3,647) 370,170 68,788
Balance, shares at Dec. 31, 2024   29,308,182            
Balance, shares at Dec. 31, 2024       (6,172,558)        
Net income 27,193              
Net income 23,083              
Ending balance at Jun. 30, 2025 532,565 $ 295 295,834 $ (51,130) 147,995 (3,098) 389,896 142,669
Ending balance, shares at Jun. 30, 2025   29,527,502            
Ending balance, shares at Jun. 30, 2025       (6,280,909)        
Balance at Dec. 31, 2024 $ 438,958 $ 293 293,412 $ (50,144) 130,256 (3,647) 370,170 68,788
Balance, shares at Dec. 31, 2024   29,308,182            
Balance, shares at Dec. 31, 2024       (6,172,558)        
Exercise of stock options, shares 82,081              
Ending balance at Dec. 31, 2025 $ 508,046 $ 296 299,458 $ (51,130) 162,374 (2,381) 408,617 99,429
Ending balance, shares at Dec. 31, 2025 23,311,683 29,592,592            
Ending balance, shares at Dec. 31, 2025 6,280,909     (6,280,909)        
Balance at Mar. 31, 2025 $ 449,012 $ 295 293,897 $ (50,675) 139,716 (3,009) 380,224 68,788
Balance, shares at Mar. 31, 2025   29,467,773            
Balance, shares at Mar. 31, 2025       (6,232,743)        
Net income 13,667              
Net income 11,069       11,069   11,069 2,598
Distributions to non-controlling interest (1,843)             (1,843)
Non-controlling interest equity raised by Medallion Bank 73,126             73,126
Stock-based compensation expense 1,681   1,681       1,681  
Exercise of stock options, value 256   256       256  
Exercise of stock options, shares   41,061            
Forfeiture of restricted stock, net, shares   (476)            
Issuance in connection with vesting of restricted stock units   19,144            
Purchase of common stock (in Shares)       (48,166)        
Purchase of common stock (455)     $ (455)     (455)  
Dividends paid on common stock (2,790)       (2,790)   (2,790)  
Other comprehensive income (loss), net of tax (89)         (89) (89)  
Ending balance at Jun. 30, 2025 532,565 $ 295 295,834 $ (51,130) 147,995 (3,098) 389,896 142,669
Ending balance, shares at Jun. 30, 2025   29,527,502            
Ending balance, shares at Jun. 30, 2025       (6,280,909)        
Balance at Dec. 31, 2025 $ 508,046 $ 296 299,458 $ (51,130) 162,374 (2,381) 408,617 99,429
Balance, shares at Dec. 31, 2025 23,311,683 29,592,592            
Balance, shares at Dec. 31, 2025 6,280,909     (6,280,909)        
Net income $ 7,289              
Net income         4,953   4,953 2,336
Distributions to non-controlling interest (2,336)             (2,336)
Stock-based compensation expense 2,075 $ 9 2,066       2,075  
Exercise of stock options, value $ 13   13       13  
Exercise of stock options, shares 2,224 [1] 2,224            
Issuance of restricted stock, net, shares   344,206            
Withheld restricted stock for employees' tax obligations, shares   (444,683)            
Withheld restricted stock for employees' tax obligations, value $ (4,327) $ (4) (4,323)       (4,327)  
Forfeiture of restricted stock, net, shares   (1,569)            
Issuance in connection with vesting of restricted stock units   652,577            
Dividends paid on common stock (2,862)       (2,862)   (2,862)  
Other comprehensive income (loss), net of tax (385)         (385) (385)  
Ending balance at Mar. 31, 2026 507,513 $ 301 297,214 $ (51,130) 164,465 (2,766) 408,084 99,429
Ending balance, shares at Mar. 31, 2026   30,145,347            
Ending balance, shares at Mar. 31, 2026       (6,280,909)        
Balance at Dec. 31, 2025 $ 508,046 $ 296 299,458 $ (51,130) 162,374 (2,381) 408,617 99,429
Balance, shares at Dec. 31, 2025 23,311,683 29,592,592            
Balance, shares at Dec. 31, 2025 6,280,909     (6,280,909)        
Net income $ 17,069              
Net income 12,398              
Ending balance at Jun. 30, 2026 $ 505,447 $ 301 298,799 $ (58,814) 168,591 (2,859) 406,018 99,429
Ending balance, shares at Jun. 30, 2026 23,041,645 30,102,353            
Ending balance, shares at Jun. 30, 2026 7,060,708     (7,060,708)        
Balance at Mar. 31, 2026 $ 507,513 $ 301 297,214 $ (51,130) 164,465 (2,766) 408,084 99,429
Balance, shares at Mar. 31, 2026   30,145,347            
Balance, shares at Mar. 31, 2026       (6,280,909)        
Net income 9,780              
Net income 7,445       7,445   7,445 2,335
Distributions to non-controlling interest (2,335)             (2,335)
Stock-based compensation expense 1,903   1,903       1,903  
Exercise of stock options, value $ 88   88       88  
Exercise of stock options, shares 13,154 [1] 13,154            
Withheld restricted stock for employees' tax obligations, shares   (40,770)            
Withheld restricted stock for employees' tax obligations, value $ (406)   (406)       (406)  
Forfeiture of restricted stock, net, shares   (33,140)            
Issuance in connection with vesting of restricted stock units   17,762            
Purchase of common stock (in Shares)       (779,799)        
Purchase of common stock (7,684)     $ (7,684)     (7,684)  
Dividends paid on common stock (3,319)       (3,319)   (3,319)  
Other comprehensive income (loss), net of tax (93)         (93) (93)  
Ending balance at Jun. 30, 2026 $ 505,447 $ 301 $ 298,799 $ (58,814) $ 168,591 $ (2,859) $ 406,018 $ 99,429
Ending balance, shares at Jun. 30, 2026 23,041,645 30,102,353            
Ending balance, shares at Jun. 30, 2026 7,060,708     (7,060,708)        
[1] The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $0.1 million for the three and six months ended June 30, 2026 and $0.3 million for the year ended December 31, 2025.