Medallion Financial Declares $0.12 Quarterly Dividend, Reports Record 2025 Earnings
Medallion Financial Corp., a specialty finance company focused on consumer and commercial lending, declared a quarterly cash dividend of $0.12 per share. The company reported net income of $43.0 million for 2025, up 20% from the prior year.
Medallion Financial Corp. (NASDAQ: MFIN), a specialty finance company that originates and services consumer and commercial loans, declared a quarterly cash dividend of $0.12 per share on February 18, 2026. The dividend will be paid on March 31, 2026, to stockholders of record on March 19, 2026. Read more dividend announcements.
The dividend maintains the $0.12 per share rate established in the second quarter of 2025. The company paid total dividends of $0.47 per share in 2025, up from $0.41 in 2024 and $0.34 in 2023.
| Dividend Details | Information |
|---|---|
| Amount | $0.12 per share |
| Record Date | March 19, 2026 |
| Ex-Dividend Date | Not specified |
| Payment Date | March 31, 2026 |
Fourth Quarter and Full-Year Performance
Medallion reported fourth quarter net income of $12.2 million, or $0.50 per share, up 20% from $10.1 million, or $0.43 per share, in the prior year quarter. Net interest income grew 8% to $56.4 million from $52.0 million in the year-ago period.
For the full year 2025, net income reached $43.0 million, or $1.78 per share, compared to $35.9 million, or $1.52 per share, in 2024. Net interest income increased 7% to $216.9 million from $202.5 million in the prior year.
Loan originations surged to $1.505 billion in 2025 from $1.043 billion in 2024, driven by strategic partnership originations that totaled $771.6 million compared to $203.6 million in the prior year. The company's loan portfolio, including loans held for sale, stood at $2.567 billion at year-end, up 3% from $2.491 billion a year earlier.
Credit and Portfolio Composition
The credit loss provision for 2025 was $89.8 million, up from $76.5 million in 2024. Net interest margin on net loans improved to 8.40% for the full year from 8.35% in the prior year.
Recreation loans comprised 63% of the loan portfolio at $1.617 billion, while home improvement loans represented 32% at $810.2 million. Commercial loans accounted for 5% at $123.1 million.
Balance Sheet and Capital Allocation
Net book value per share increased 10% to $17.53 at the end of 2025 from $16.00 a year earlier. Total assets rose to $2.955 billion from $2.869 billion at December 31, 2024.
Cash and cash equivalents, including investment securities, totaled $261.7 million, up from $224.4 million at the prior year-end.
During 2025, Medallion repurchased 108,351 shares at an average cost of $9.10 per share for a total of $1.0 million. The company had $14.4 million remaining under its $40 million stock repurchase program as of December 31, 2025.