Medallion Financial unit Medallion Bank Q2 net income slips to $16 million

Reuters2026/07/29 20:19

By:Reuters

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Medallion Financial’s wholly owned Medallion Bank posted Q2 2026 net income of $16 million, down from $17.3 million a year earlier.
Net interest income rose to $58.1 million from $53.6 million; net interest margin slipped to 8.46% from 8.55%.
Provision for credit losses increased to $21.6 million from $18.7 million; annualized net charge-offs improved to 2.56% from 2.66%.
Recreation loan originations jumped 60% to $228.5 million; home improvement originations surged 137% to $128.6 million.
Board declared a $0.5625 quarterly dividend on Series G preferred stock, payable Oct. 1 to holders of record Sept. 15.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607291605PRIMZONEFULLFEED9800409) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Medallion Financial unit Medallion Bank Q2 net income slips to $16 million

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