NASDAQ$MFIN

Medallion Financial Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Medallion Financial Corp. reported record full-year and fourth-quarter results, driven by growth in net interest income, net income, and EPS. The company reinstated its quarterly dividend at $0.08 per share.

Medallion Financial Corp. reported a strong fourth quarter and record full-year results, driven by consumer and commercial lending segments. Net income for the quarter was $19.5 million, or $0.78 per share, compared to $6.5 million, or $0.26 per share, in the prior year quarter. The company's Board of Directors reinstated the quarterly dividend for the first time in over five years.

  • Net income was $19.5 million, or $0.78 per share, compared to net income of $6.5 million, or $0.26 per share, in the prior year quarter.
  • Net interest income grew 25.1% to $35.6 million from $28.5 million in the prior year quarter.
  • Loan originations increased 91.1% to $192.6 million from $100.8 million in the prior year quarter.
  • The Company sold additional shares in a fintech investment for a gain of $5.4 million and sold a legacy investment, its NASCAR race team, for a gain of $0.7 million.

Headline financials

Total Revenue

$50.2M

Previous: $25.3M+98.7%
EPS (adj)

$0.78

Previous: $0.26+200.0%
Net Income

$19.5M

Previous: $8.39M+132.4%
Operating Income

$27.9M

Previous: $10.8M+158.4%
Cash & Equivalents

$124M

Previous: $112M+11.1%
Total Assets

$1.87B

Previous: $1.6B+17.1%
Stock-Based Comp

$587K

Previous: $535K+9.7%

Revenue & EPS history

Medallion · Revenue · Quarterly

$50.2M

Q4 2021+98.7%vs Q4 2020
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

We believe with our team and the continued strength of our recreation, home improvement and commercial segments, we are well-positioned to continue our performance moving forward.

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 Q4 2021

Historical avgQ4 2021

+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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