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25 items- PRMedallion Bank Announces Redemption of Its Series F Preferred StockNEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, MBNKO)), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that on July 1, 2025 (the "Redemption Date") it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the "Series F Preferred Stock") (NASDAQ:MBNKP) at the redemption price of $25.00 per share (the "Redemption Price"). Because the Redemption Date is a dividend payment date for the Series F Preferred Stock, the Redemption Price does not include dec
- PRMedallion Bank Announces Closing of Series G Preferred Stock OfferingNEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, MBNKO)), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has closed a public offering of 3,100,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the "Series G Preferred Stock") and an aggregate liquidation amount of $77.5 million, which includes a partial exercise of the underwriters' option to purchase an additional 100,000 shares of the Series G Pref
- PRMedallion Bank Reports 2025 First Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, April 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2025 First Quarter Highlights Net income of $15.6 million, compared to $14.5 million in the prior year quarter.Net interest income of $52.2 million, compared to $48.2 million in the prior year quarter.Net interest margin of 8.35%, compared to 8.59% in the prior year
- PRMedallion Bank Announces Benchmark Rate for Certain Preferred StockSALT LAKE CITY, March 28, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")) today announced that, upon the commencement of the floating rate period for the Bank's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the "Series F Preferred") on April 1, 2025, the benchmark rate used to determine the dividend rate for each dividend period during the floating rate period will be three-month CME Term SOFR ("Term SOFR"). In addition, the dividend payment rate determination date for determining Term SOFR will be the second U.S. government securities business day preceding the first day of the relevant dividend period. The Series F Preferred trades on the
- PRMedallion Bank Reports 2024 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter and year ended December 31, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Fourth Quarter Highlights Net income of $15.6 million, compared to $21.9 million in the prior year quarter.Net interest income of $53.1 million, compared to $48.9 million in the prior year quarter.Net interest margin of 8.28%, com
- PRMedallion Bank Reports 2024 Third Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to
- PRMedallion Bank Announces Fintech Strategic Partnership With KashableSALT LAKE CITY, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced a strategic partnership with Kashable, a leading fintech company dedicated to providing socially responsible credit and financial wellness solutions. This collaboration builds on Medallion Bank's existing nationwide financing footprint while expanding Kashable's services to a broader audience, offering working Americans access to affordable personal loans. "Adding Kashable to our growing s
- PRMedallion Bank Reports 2024 Second Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, July 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Second Quarter Highlights Net income of $15.0 million, compared to $19.3 million in the prior year quarter.Net interest income of $50.2 million, compared to $47.0 million in the prior year quarter.Net interest margin of 8.55%, compared to 8.91% in the prior
- PRMedallion Bank Reports 2024 First Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, April 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 First Quarter Highlights Net income of $14.5 million, compared to $21.4 million in the prior year quarter.Net interest income of $48.2 million with a net interest margin of 8.59%, compared to $44.3 million and 9.05% in the prior year quarter.Total provision fo
- NEWSMedallion Bank Announces Fintech Strategic Partnership With TriBeam Financial, To Be Its Finance Partner For Home Solar Systems And Related Products; Loan Origination Activities Have Started Under This AgreementMedallion Bank (NASDAQ:MBNKP, the "Bank"))))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan products and services through fintech strategic partners, announced today it had entered into a definitive agreement with TriBeam Financial, Inc. (TriBeam Financial) to be its finance partner for home solar systems and related products. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). TriBeam Financial is a fintech company that provides a point-of-sale lending platform for residential solar equipment and home improvement loans in the U.S. through its large network of inst
- PRMedallion Bank Announces Fintech Strategic Partnership With TriBeam FinancialSALT LAKE CITY, April 11, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan products and services through fintech strategic partners, announced today it had entered into a definitive agreement with TriBeam Financial, Inc. (TriBeam Financial) to be its finance partner for home solar systems and related products. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). TriBeam Financial is a fintech company that provides a point-of-sale lending platform for residential solar equipment and home improvement
- PRMedallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and full-year ended December 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Fourth Quarter Highlights Net income of $21.9 million, compared to $19.7 million in the prior year quarter.Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19%
- PRMedallion Bank Reports 2023 Third Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended September 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Third Quarter Highlights Quarterly net income of $17.2 million, compared to $18.3 million in the prior year quarter.Net interest income of $48.7 million with a net interest margin of 8.7%, compared to $43.0 million and 9.3% in the prior year quarter.Total p
- PRMedallion Bank Reports 2023 Second Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, July 27, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Second Quarter Highlights Quarterly net income of $19.3 million, compared to $17.9 million in the prior year quarter.Net interest income of $47.0 million with a net interest margin of 8.9%, compared to $40.0 million and 9.5% in the prior year quarter.Total p
- PRMedallion Bank Announces Fintech Strategic Partnership With CreditWorksSALT LAKE CITY, June 01, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan products and services through fintech strategic partners, announced today it had entered into a definitive agreement with CreditWorks to provide loans through the Credit4Work! financial benefit program. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). CreditWorks, a certified women-owned consumer lender, has developed a unique credit-building program for individuals called "Credit4Work!". Credit4Work! is a financial wel
- NEWSMedallion Bank Q1 Sales $44.30M Up From $37.46M YoYMedallion Bank (NASDAQ:MBNKP) reported $44.30 million in sales this quarter. This is a 18.27 percent increase over sales of $37.46 million the same period last year.
- PRMedallion Bank Reports 2023 First Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, April 28, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 First Quarter Highlights Record quarterly net income of $21.4 million, compared to $18.8 million in the prior year quarter.Net interest income of $44.3 million with a net interest margin of 9.05%, compared to $37.2 million and 9.66% in the prior year quarter.P
- NEWSMedallion Bank Q4 Sales $44.64M Up From $37.50M YoYMedallion Bank (NASDAQ:MBNKP) reported $44.64 million in sales this quarter. This is a 19.04 percent increase over sales of $37.50 million the same period last year.
- PRMedallion Bank Reports 2022 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and year ended December 31, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Fourth Quarter Highlights Net income of $19.7 million, compared to net income of $19.0 million in the prior year quarter.Net interest income of $44.4 million with a net interest margin of 9.2%, compared to $37.3 million and 9.9% in the prior year qu
- PRMedallion Bank Reports 2022 Third Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the period ended September 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Third Quarter Highlights Net income of $18.3 million, compared to net income of $19.7 million in the prior year period.Net interest income of $43.0 million with a net interest margin of 9.3%, compared to $35.3 million and 10.1% in the prior year period.Annua
- PRMedallion Bank Reports 2022 Second Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, July 27, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan origination services to fintech strategic partners, announced today its results for the period ended June 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Second Quarter Highlights Net income of $17.9 million, compared to net income of $17.5 million in the prior year period.Net interest income of $40.0 million with a net interest margin of 9.5%, compared to $33.1 million and 10.0% in the prior year per
- NEWSMedallion Bank Announces Fintech Strategic Partnership With Covered HoldingsMedallion Bank (NASDAQ:MBNKP, the &ldquo, Bank&rdquo, ))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan products and services through fintech strategic partners, announced today it has entered into a definitive agreement with Covered Holdings to provide loans through the Covered Care patient financing program. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). Founded in 2020 and backed by investments from funds managed by affiliates of Fortress Investment Group and Westlake Financial, Covered Holdings has developed an industry-leading buy now, pay later financin
- PRMedallion Bank Announces Fintech Strategic Partnership With Covered HoldingsSALT LAKE CITY, June 02, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan products and services through fintech strategic partners, announced today it has entered into a definitive agreement with Covered Holdings to provide loans through the Covered Care patient financing program. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). Founded in 2020 and backed by investments from funds managed by affiliates of Fortress Investment Group and Westlake Financial, Covered Holdings has developed an indu
- PRMedallion Bank Reports 2022 First Quarter Results and Declares Series F Preferred Stock DividendSALT LAKE CITY, April 29, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan origination services to fintech strategic partners, announced today its 2022 first quarter results. 2022 Second Quarter Highlights Net income of $18.8 million, compared to net income of $13.8 million in the prior year period.Net interest income of $37.2 million with a net interest margin of 9.66%, compared to $31.0 million and 9.92% in the prior year period.Annualized ROA and ROE were 4.88% and 28.55%, respectively, as of March 31, 2022, compared to 4.
- NEWSCORRECTION: Medallion Financial Corp. Subsidiary, Medallion Bank, Earlier Reported Q4 Net Income $19M