Medallion Financial
Finances recreation equipment and home projects through a specialty bank platform.
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Profile
Originates consumer loans for recreation equipment and home improvement, with smaller commercial lending and residual taxi-medallion collections. Medallion Bank supplies the core lending and deposit platform, making bank regulation, funding access, credit performance, and partner channels central to the business.
Operates a specialty finance model built around Medallion Bank, an FDIC-insured Utah industrial bank. Recreation lending finances RVs, boats, collector cars, and other equipment, while home improvement lending funds contractor- or service-provider-originated projects such as roof, window, siding, and pool work.
Commercial lending adds subordinated financing for U.S. lower middle market businesses, and strategic partnerships facilitate fintech-originated loans that are sold without recourse shortly after origination. Current activity is concentrated in the United States, with consumer lending forming most of the portfolio.
Execution depends on dealer, contractor, financial-service-provider, and fintech relationships, plus credit performance in fixed-rate consumer loans. The legacy taxi-medallion business is now a residual New York City-area collection exposure, and Medallion Bank remains regulated by the FDIC and Utah banking authorities.
Company facts
Categories
Key statistics
Year to date +17.4% · Average volume (30d) 70.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 9, 2026 | Raymond James | Initiate | Market Perform | ||
| Jun 12, 2026 | Piper Sandler | Target | $10.50 | ||
| Jul 31, 2025 | Ladenburg Thalmann | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.29 | $0.31 | +8.4% | $59.0M | $58.1M | −1.6% | +1.71% |
| Apr 29, 2026Q1 FY26 | $0.25 | $0.20 | −20.0% | $56.2M | $54.1M | −3.7% | −1.08% |
| Feb 18, 2026Q4 FY25 | $0.41 | $0.50 | +22.0% | $55.9M | $56.4M | +0.9% | −1.98% |
| Oct 29, 2025Q3 FY25 | $0.29 | $0.46 | +58.6% | $56.2M | $54.2M | −3.5% | +6.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $82.7M | $82.0M | $79.3M | $95.8M | $81.5M | $88.9M | |
| Gross profit | $36.6M | $36.4M | $35.7M | $92.9M | $76.0M | $82.5M | |
| Operating income | $20.2M | $19.5M | $19.5M | $46.0M | $36.6M | $41.6M | |
| Net income | $12.0M | $11.1M | $11.3M | $12.2M | $5.0M | $7.4M | |
| Diluted EPS | $0.50 | $0.46 | $0.32 | $0.50 | $0.20 | $0.31 | |
| Gross margin | 44.3% | 44.4% | 45.0% | 96.9% | 93.2% | 92.8% | |
| Operating margin | 24.5% | 23.7% | 24.6% | 48.0% | 45.0% | 46.8% |
Fiscal years (4-quarter sums)FY21 $179.2M · FY22 $193.1M · FY23 $248.5M · FY24 $293.3M · FY25 $339.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $275.9M · Total debt $345.9M · Total assets $3.19B · Shareholders' equity $406.0M
Dividends
Raised for 3 straight years — most recently to $0.14 from $0.12 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.14 | |
| May 11, 2026 | May 11 | May 21 | $0.14 | raised from $0.12 |
| Mar 19, 2026 | Mar 19 | Mar 31 | $0.12 | |
| Nov 12, 2025 | Nov 12 | Nov 24 | $0.12 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.12 | |
| May 15, 2025 | May 15 | May 30 | $0.12 | raised from $0.11 |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.11 | |
| Nov 15, 2024 | Nov 15 | Nov 27 | $0.11 | raised from $0.10 |
Ownership
Shares outstanding 23.11M · Float 15.12M · 65.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Andrew M. Murstein | 2.80M | 11.73% | 13G | Apr 6, 2026 |
| KORR Value L.P. | 1.15M | 5.00% | 13D | Jan 3, 2025 |
| BlackRock, Inc. | 1.11M | 4.79% | 13F | May 13, 2026 |
| Tieton Capital Management, LLC | 1.03M | 4.47% | 13F | May 8, 2026 |
| Vanguard Capital Management LLC | 848.6K | 3.67% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Synchrony Financial
POS consumer finance across outdoor, home, and installment loans
- Truist Financial
Bank POS lending in home improvement and outdoor equipment
- Regions Financial
Contractor-focused home improvement lender through Regions Bank
- OneMain
Non-prime consumer installment lender with national reach
- Happen
Digital marketplace bank for consumer loan origination
- Main Street Capital
Lower-middle-market debt and equity capital provider
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Medallion Financial | $11.95 | −0.04% | $276.2M | 9.0 | 8.9 | 0.8 | +0.2% |
| Synchrony Financial | $80.54 | +3.19% | $25.40B | 8.0 | 8.2 | 1.3 | −21.1% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| Regions Financial | $30.33 | +0.02% | $25.88B | 12.4 | 11.1 | 2.7 | +2.2% |
| OneMain | $63.02 | +0.29% | $7.26B | 9.5 | 8.0 | 1.1 | −15.5% |
| Happen | $18.24 | +1.93% | $2.06B | 10.8 | 9.2 | 1.6 | −20.7% |
| Main Street Capital | $58.45 | −0.18% | $5.44B | 11.8 | 15.4 | 7.8 | −26.1% |
| Median | 11.3 | 9.9 | 1.8 | −18.1% |