Medallion Bank Q2 FY26 net income falls 7.6% to $16 million; net interest income rises 8.3% to $58.1 million

Reuters2026/07/29 20:27

By:Reuters

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Medallion Bank posted Q2 net income of USD 16 million, down 7.62% from the prior-year quarter.
Net interest income rose 8.28% to USD 58.06 million; net interest margin narrowed 0.09 percentage points to 8.46%.
Provision for credit losses increased 15.35% to USD 21.57 million, while annualized net charge-offs improved to 2.56% of average loans.
Recreation originations climbed 60% to USD 228.5 million, strategic partnership originations rose 47% to USD 247.1 million.
Home improvement originations more than doubled to USD 128.6 million; board declared a USD 0.5625 Series G preferred dividend payable Oct. 1.

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 Bank published the original content used to generate this news brief 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 Bank Q2 FY26 net income falls 7.6% to $16 million; net interest income rises 8.3% to $58.1 million

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