NASDAQ$MFIN
Medallion Financial Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter results, with net income of $7.1 million and net interest income reaching an all-time high.
Medallion Financial Corp. reported a solid second quarter with a net income of $7.1 million, or $0.30 per share. Net interest income grew 7% to $49.9 million. Loan originations were $309.1 million, and loans grew 11% to $2.4 billion.
- Net income was $7.1 million, or $0.30 per share.
- Net interest income grew 7% to $49.9 million.
- Loan originations were $309.1 million.
- Loans grew 11% to $2.4 billion.
Headline financials
Revenue & EPS history
Medallion · Revenue · Quarterly
$51M
Revenue by segment
Medallion · $172M total across 2 segments · Q3 2023
- Recreation Lending$92.6M—53.9%
- Home Improvement Lending$79.3M—46.1%
Forward guidance
Medallion Financial Corp. remains cautiously optimistic about the performance of its loans and the strong credit quality of its overall loan portfolio.
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 Q2 2024
+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
| Quarter | Report date | Reaction (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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