NASDAQ$MFIN

Medallion Financial Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Medallion Financial Corp.'s third quarter results driven by growth in consumer lending businesses.

Medallion Financial Corp. reported a net income of $7.6 million, or $0.32 per share, for the quarter ended September 30, 2022. Loan originations increased by 40% and net interest income grew by 23%.

  • Net income was $7.6 million, or $0.32 per share.
  • Net interest income grew 23% to $42.0 million.
  • Loan originations increased 40% to $273.7 million.
  • The Company repurchased 1,053,870 shares of its common stock during the quarter for $8.2 million.

Headline financials

Total Revenue

$41.8M

Previous: $41.3M+1.3%
EPS (adj)

$0.32

Previous: $0.64-50.0%
Net Income

$7.64M

Previous: $15.9M-52.1%
Operating Income

$7.29M

Previous: $29.8M-75.6%
Gross Profit

$20.8M

Previous: $39.3M-47.1%
Cash & Equivalents

$24.8M

Previous: $30.7M-19.3%
Total Assets

$2.2B

Previous: $1.81B+21.8%
Stock-Based Comp

$1.03M

Previous: $602K+71.8%

Revenue & EPS history

Medallion · Revenue · Quarterly

$41.8M

Q3 2022+1.3%vs Q3 2021
Beat estimate in 11 of 12 quarters(92%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The company's financial results are expected to continue to be driven by growth in its consumer lending businesses, and the team is navigating the rising interest rate environment well.

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 Q3 2022

Historical avgQ3 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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