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Medallion Financial (MFIN)
:MFIN
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.42Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: 6.73%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance for Medallion Financial Corp with record net income and significant achievements in loan origination and partnership growth. However, there were challenges, including a decline in net interest margin, increased provision for credit loss, and issues with consumer loans past due. Despite these challenges, the strategic actions taken, such as the dividend increase and successful portfolio exits, suggest a positive outlook.Company Guidance
During Medallion Financial Corp's fourth-quarter earnings call, the company reported a strong performance for the fiscal year 2024, achieving a net income of $10.1 million and earnings per share of $0.43 for the fourth quarter, contributing to a full-year net income of $35.9 million and $1.52 earnings per share. Significant achievements included over $1 billion in loan originations, with an average FICO score of 686 for recreational loans and 781 for home improvement loans. The company's rec lending segment saw $72 million in new loan originations, while home improvement lending reached $83 million, with interest rates averaging 15.07% and 9.81%, respectively. The commercial lending segment maintained a strong yield with $111 million in loans and an interest rate of 12.97%. The quarter also saw a strategic partnership program expansion from $40 million to $124 million in loan volumes. The board approved a 10% increase in the quarterly dividend, and the company repurchased 570,000 shares at an average price of $8.07. Net interest income grew to $52 million for the quarter, and the net interest margin on gross loans was 7.84%. Operating expenses were $17.2 million, and the provision for credit loss was $20.6 million, reflecting the release of $3.9 million of allowance for credit loss. The call emphasized the company's focus on maintaining high credit standards and optimizing shareholder returns through dividends and share buybacks.Record Net Income and Earnings Per Share
Fourth quarter net income was the highest of the year at $10.1 million and EPS was $0.43. The full-year net income was $35.9 million with an EPS of $1.52.
Loan Origination Milestone
Achieved over $1 billion in loan originations for the first time in company history, while maintaining high credit standards.
Strategic Partnership Program Growth
Significant increase in loan volumes from $40 million in Q3 to $124 million in Q4 due to a new partnership.
Dividend Increase
Quarterly dividend increased by 10% to $0.11, showing confidence in future growth and commitment to shareholder value.
Successful Portfolio Investment Exit
Exited a portfolio investment in the Medallion Capital segment with net gains of $3.8 million for Q4 and $6.9 million for the year.
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MFIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MFIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $8.17 | $8.76 | +7.22% |
| Oct 29, 2024 | $9.32 | $9.26 | -0.64% |
| Jul 30, 2024 | $7.89 | $8.09 | +2.53% |
| Apr 30, 2024 | $7.10 | $7.48 | +5.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Medallion Financial (MFIN) report earnings?
Medallion Financial (MFIN) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Medallion Financial (MFIN) earnings time?
Medallion Financial (MFIN) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MFIN EPS forecast?
MFIN EPS forecast for the fiscal quarter 2025 (Q1) is 0.37.
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