Medallion Bank Reports 2023 First Quarter Results and Declares Series F Preferred Stock Dividend
SALT LAKE CITY, April 28, 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 March 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 First Quarter Highlights Record quarterly net income of $21.4 million, compared to $18.8 million in the prior year quarter.Net interest income of $44.3 million with a net interest margin of 9.05%, compared to $37.2 million and 9.66% in the prior year quarter.P
