MBNKP - Dividend announcements

NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, MBNKO)), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that on July 1, 2025 (the "Redemption Date") it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the "Series F Preferred Stock") (NASDAQ:MBNKP) at the redemption price of $25.00 per share (the "Redemption Price"). Because the Redemption Date is a dividend payment date for the Series F Preferred Stock, the Redemption Price does not include dec

SALT LAKE CITY, April 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2025 First Quarter Highlights Net income of $15.6 million, compared to $14.5 million in the prior year quarter.Net interest income of $52.2 million, compared to $48.2 million in the prior year quarter.Net interest margin of 8.35%, compared to 8.59% in the prior year

SALT LAKE CITY, March 28, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")) today announced that, upon the commencement of the floating rate period for the Bank's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the "Series F Preferred") on April 1, 2025, the benchmark rate used to determine the dividend rate for each dividend period during the floating rate period will be three-month CME Term SOFR ("Term SOFR"). In addition, the dividend payment rate determination date for determining Term SOFR will be the second U.S. government securities business day preceding the first day of the relevant dividend period. The Series F Preferred trades on the

SALT LAKE CITY, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter and year ended December 31, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Fourth Quarter Highlights Net income of $15.6 million, compared to $21.9 million in the prior year quarter.Net interest income of $53.1 million, compared to $48.9 million in the prior year quarter.Net interest margin of 8.28%, com

SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to

SALT LAKE CITY, July 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Second Quarter Highlights Net income of $15.0 million, compared to $19.3 million in the prior year quarter.Net interest income of $50.2 million, compared to $47.0 million in the prior year quarter.Net interest margin of 8.55%, compared to 8.91% in the prior

SALT LAKE CITY, April 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 First Quarter Highlights Net income of $14.5 million, compared to $21.4 million in the prior year quarter.Net interest income of $48.2 million with a net interest margin of 8.59%, compared to $44.3 million and 9.05% in the prior year quarter.Total provision fo

SALT LAKE CITY, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and full-year ended December 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Fourth Quarter Highlights Net income of $21.9 million, compared to $19.7 million in the prior year quarter.Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19%

SALT LAKE CITY, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended September 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Third Quarter Highlights Quarterly net income of $17.2 million, compared to $18.3 million in the prior year quarter.Net interest income of $48.7 million with a net interest margin of 8.7%, compared to $43.0 million and 9.3% in the prior year quarter.Total p

SALT LAKE CITY, July 27, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Second Quarter Highlights Quarterly net income of $19.3 million, compared to $17.9 million in the prior year quarter.Net interest income of $47.0 million with a net interest margin of 8.9%, compared to $40.0 million and 9.5% in the prior year quarter.Total p

SALT LAKE CITY, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and year ended December 31, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Fourth Quarter Highlights Net income of $19.7 million, compared to net income of $19.0 million in the prior year quarter.Net interest income of $44.4 million with a net interest margin of 9.2%, compared to $37.3 million and 9.9% in the prior year qu

SALT LAKE CITY, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the period ended September 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Third Quarter Highlights Net income of $18.3 million, compared to net income of $19.7 million in the prior year period.Net interest income of $43.0 million with a net interest margin of 9.3%, compared to $35.3 million and 10.1% in the prior year period.Annua

SALT LAKE CITY, July 27, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan origination services to fintech strategic partners, announced today its results for the period ended June 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Second Quarter Highlights Net income of $17.9 million, compared to net income of $17.5 million in the prior year period.Net interest income of $40.0 million with a net interest margin of 9.5%, compared to $33.1 million and 10.0% in the prior year per

SALT LAKE CITY, April 29, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with offering loan origination services to fintech strategic partners, announced today its 2022 first quarter results. 2022 Second Quarter Highlights Net income of $18.8 million, compared to net income of $13.8 million in the prior year period.Net interest income of $37.2 million with a net interest margin of 9.66%, compared to $31.0 million and 9.92% in the prior year period.Annualized ROA and ROE were 4.88% and 28.55%, respectively, as of March 31, 2022, compared to 4.

SALT LAKE CITY, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 fourth quarter and full-year results. 2021 Fourth Quarter Highlights Net income of $19.0 million, compared to net income of $14.3 million in the prior year period.Net interest income of $37.3 million, compared to $31.3 million in the prior year period.Provision for loan losses was $1.6 million, compared to a quarterly benefit of $4.0 million in the prior year period.Annualized net cha

SALT LAKE CITY, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 third quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2021 Third Quarter Highlights Record net income of $19.7 million, compared to a net loss of $13.2 million in the prior year period.Net interest income of $35.3 million, compared to $31.1 million in the prior year period.Loan loss benefit was $0.2 million, driven by lower consumer borrower defa

SALT LAKE CITY, July 30, 2021 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, "the Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 second quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2021 Second Quarter Highlights Record quarterly net income of $17.5 million compared to net income of $1.8 million in the prior year period.Quarterly net interest income of $33.1 million, compared to $28.1 million in the prior year period.Quarterly benefit for loan losses was $0.4

Medallion Bank (NASDAQ:MBNKP, "the Bank"))), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 first quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2021 First Quarter Highlights Quarterly net income was $13.8 million compared to a net loss of $0.4 million in the prior year period. Quarterly net interest income was $31.0 million, compared to $27.8 million in the 2020 first quarter. Quarterly provision for loan losses was $2.7 million, compared to $15.3 million in the 2020 first quarte

SALT LAKE CITY--(BUSINESS WIRE)--Medallion Bank (Nasdaq:MBNKP, “the Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2020 fourth quarter and full year results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq:MFIN). 2020 Fourth Quarter Highlights Record quarterly net income of $14.3 million, compared to net income of $6.7 million in the prior year period. Quarterly net interest income was $31.3 million, compared to $27.7 million in the prior year period. Quarterly provision for loan losses was a b