NASDAQ$MFIN

Medallion Financial Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results with increased net income and loan originations.

Medallion Financial Corp. reported a strong first quarter in 2022, with net income increasing by 17% to $9.8 million, and loan originations rising by 44% to $213.7 million. The consumer loan portfolio reached $1.5 billion, with recreation loans exceeding $1 billion for the first time. The company also reinstated its quarterly dividend and resumed stock repurchases.

  • Net income grew 17% to $9.8 million, or $0.39 per share.
  • Net interest income increased 25% to $35.9 million.
  • Loan originations rose 44% to $213.7 million.
  • Recreation loan portfolio exceeded $1 billion for the first time.

Headline financials

Total Revenue

$37.5M

Previous: $30.6M+22.4%
EPS (adj)

$0.39

Previous: $0.29+34.5%
Net Income

$9.84M

Previous: $8.43M+16.7%
Operating Income

$22.8M

Previous: $18.6M+22.4%
Gross Profit

$34.2M

Previous: $27.6M+24.0%
Cash & Equivalents

$57M

Previous: $69.5M-18.0%
Total Assets

$1.97B

Previous: $1.69B+16.5%
Stock-Based Comp

$598K

Previous: $498K+20.1%

Revenue & EPS history

Medallion · Revenue · Quarterly

$37.5M

Q1 2022+22.4%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Medallion · $172M total across 2 segments · Q3 2023

  • Recreation Lending
    $92.6M
  • Home Improvement Lending
    $79.3M

Forward guidance

Medallion Financial Corp. did not provide specific forward guidance in the press release. The release focuses on historical performance and recent strategic decisions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.5%

Avg return

Earnings day

+3.1%

Avg return

5 days after

+3.7%

Avg return

30 days after

63%

25 / 40 earnings

Positive

+30.1%

Q3 2016

Best reaction

-32.4%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+0.1%+5.0%
Q4 2025-2.0%-5.0%-21.2%
Q3 2025+1.7%-0.1%+1.3%
Q1 2025+0.3%+0.8%+3.8%
Q4 2024+7.2%+9.7%+0.6%
Q3 2024+2.0%+4.5%+2.5%
Q2 2024+2.9%-1.9%+0.1%
Q1 2024-1.1%+1.5%+6.8%
Q4 2023-10.7%-6.5%-12.3%
Q3 2023+11.8%+29.9%+44.6%
Q2 2023+7.1%+14.6%+1.0%
Q1 2023+5.7%+3.0%+6.7%
Q4 2022+4.8%+2.8%-2.3%
Q3 2022+5.0%+2.1%+1.8%
Q2 2022+10.3%+11.8%+32.6%
Q1 2022+10.5%+4.0%+2.6%
Q4 2021+11.9%+18.2%+28.9%
Q3 2021+6.2%+4.9%-9.6%
Q2 2021+2.4%+2.0%-0.7%
Q1 2021+3.9%+5.5%+6.1%
Q4 2020+1.5%+2.5%+9.1%
Q3 2020+9.1%+19.0%+111.0%
Q2 2020-4.9%-4.6%-9.1%
Q1 2020-21.5%-29.0%-20.5%
Q4 2019+0.0%-6.5%-57.1%
Q3 2019+1.3%+3.0%-5.6%
Q2 2019-8.5%-7.1%-4.5%
Q1 2019+0.7%+5.3%-10.4%
Q1 2016-4.4%-7.2%+5.5%
Q4 2018+2.2%-0.7%-0.6%
Q3 2018-9.1%-12.9%-18.9%
Q2 2018-4.9%-6.2%-4.0%
Q1 2018+19.1%+41.5%+51.3%
Q4 2017-2.0%-1.3%+2.4%
Q3 2017+4.4%+21.8%+22.3%
Q2 2017-10.7%-7.9%-7.5%
Q1 2017-0.5%+6.4%+14.2%
Q4 2016+10.0%+12.8%+6.1%
Q3 2016+30.1%+13.8%+8.9%
Q2 2016-32.4%-21.5%-43.4%

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