Published on 8 Oct 2024 on GuruFocus.com · via Yahoo Finance
Medallion Financial Corp (MFIN) Q2 2024 Earnings Call Highlights: Strong Loan...
Net Income: $7.1 million for the quarter.Earnings Per Share (EPS): $0.3 per diluted share.Net Interest Income: Grew 7% to $49.9 million from the prior year.Net Interest Margin: 8.12% for the quarter.Loan Originations: $309 million total, including $210 million in recreation loans and $68 million in home improvement loans.Total Loans Outstanding: Increased 11% from a year ago to $2.4 billion.Provision for Credit Loss: $18.6 million for the quarter.Operating Expenses: $20 million for the quarter.Net Book Value: $15.25 per share as of June 30.Share Buyback: $1.5 million repurchased during the quarter.
Warning! GuruFocus has detected 1 Warning Sign with MFIN.