Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans. It also provides debt, mezzanine, and equity investment capital to companies in various industries. In addition, the company raises deposits and conducts other banking activities. Medallion Financial Corp. was founded in 1995 and is headquartered in New York City, New York.
IPO Year:
Exchange: NASDAQ
Website: medallion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/9/2026 | Mkt Perform | Raymond James | |
| 6/12/2026 | $10.50 | Neutral | Piper Sandler |
| 7/31/2025 | $12.00 | Neutral → Buy | Ladenburg Thalmann |
| 4/3/2023 | Neutral | Ladenburg Thalmann | |
| 10/7/2022 | $10.00 | Buy | B. Riley Securities |
| 10/5/2022 | $11.00 → $9.00 | Outperform → Market Perform | Northland Capital |
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NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended June 30, 2026, after the market closes on Wednesday, July 29, 2026. LIVE CONFERENCE CALL AND WEBCAST A conference call to discuss the financial results will be held as follows: Date: Thursday, July 30, 2026Time: 9:00 a.m. ETDial-in number: (833) 816-1412Live webcast: Link to Webcast of 2Q26 Earnings Call A link to the live audio
SALT LAKE CITY, June 12, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKO, the "Bank")), an FDIC-insured bank and wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN) providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, today announced that Donald Poulton will retire as its Chief Executive Officer effective June 30, 2026. Mr. Poulton will join the Bank's Board of Directors. Justin Haley, who was promoted to President of the Bank in January 2026 and has been with the institution since 2011, will succeed Mr. Poulton as Chief Executive Officer, effective July 1,
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the preliminary voting results reported by the independent inspector of election for the Company's 2026 Annual Meeting of Stockholders (the "Annual Meeting"), held yesterday. Shareholders re-elected all three of the Company's director nominees, rejecting the nominees put forward by an affiliate of ZimCal Asset Management LLC ("ZimCal"). Yesterday's Annual Meeting marks the th
Medallion (NASDAQ:MFIN) Loans Are Deteriorating and It is Facing Serious Headwinds MFIN Has a History of Using False, Unsavory Attacks on Its Critics to Distract (referenced in the SEC Fraud Lawsuit) Including Accusing Them of Federal Crimes Medallion's CEO, Andrew Murstein, Was a Co-Defendant in a Multi-Year SEC Fraud Lawsuit MFIN Ignored Warning Signs and the Data 10 Years Ago Which Has Led to $260 Million in Loan Write-Offs (through 1Q26) Medallion's Board and Andrew Murstein Destroyed $363 Million In Market Capitalization From 12/4/13 (Peak) To 04/06/20 (Trough) With the Stock Dropping To $1.32 – revealing terrible business acumen BIMIZCI Urges Shareholders to Suppo
Highlights Medallion's Use of Alarmist Headlines Better Suited For a Small-Town Political Campaign Than a Serious Public Company Reveals Distortions in Medallion's Campaign About Key Issues Including Citing a Personal Blogger as "Proof" Highlights Concerning Lack of Independence Among Medallion's Directors, including Embracing Andrew Murstein's History of Near-Complete Value Destruction, and Ignoring Murstein's Federal Lawsuit Alleging Fraud and Financial Improprieties, Permanent Federal Injunctions, $1 million personal civil penalty Urges Shareholders to Support BIMIZCI's Well Qualified Nominees By Voting the BLUE Proxy Card FOR ONLY BIMIZCI's Nominees https://restoretheshine.com/vot
BIMIZCI's total cash investment of $11.7 million is 42% stock and 58% preferred securities ISS and Glass Lewis, 2 of the world's best-known proxy firms, supported 2 BIMIZCI candidates and agreed that change was necessary at Medallion Financial (NASDAQ:MFIN) BIMIZCI is Medallion's 4th largest institutional stockholder as of June 4, 2026, has been invested for more than 5 years, and owns 530,250 shares plus $15 million par value of trust preferred securities as of June 4, 2026 We are asking stockholders of record as of April 13, 2026, to vote the BLUE proxy card now at https://restoretheshine.com/vote Medallion and its Board continue to push an easily disprovable narrative about
Highlights ZimCal's Goal Over Three Consecutive Proxy Contests – A Debt Buyout at Above Market Price – and Misaligned Incentives Reveals Distortions in ZimCal's Campaign About Key Issues Highlights Concerning Lack of Relevant Experience Among ZimCal Nominees, Including Eric Kelly's History of Near-Complete Value Destruction and Lawsuit Alleging Fraud, Financial Improprieties and Whistleblower Retaliation Urges Shareholders to Again Support Medallion's Proven Leadership and Success By Voting the WHITE Proxy Card FOR ONLY Medallion's Nominees NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company"), today issued the following resp
ISS and Glass Lewis Recognize Medallion's Successful Business Transformation Analysis Fails to Consider ZimCal's Ideas And Risks of Replacing Any of the Proven Incumbents with Its Nominees Medallion Also Highlights Eric Kelly's Alleged Financial Improprieties and History of Value Destruction NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company") today issued the following statement in connection with its 2026 Annual Meeting of Stockholders expressing strong disagreement with certain recommendations issued by ISS and Glass Lewis. The Company is facing its third consecutive proxy contest against ZimCal Asset Management LLC and
Both Leading Independent Proxy Advisory Firms Have Now Recommended FOR BIMIZCI Nominees John Kiernan and Eric Kelly with Glass Lewis Stating That "The Dissident has Presented a Compelling Case for Change." ISS and Glass Lewis Both Recommend Stockholders WITHHOLD Support from Executive Chair Alvin Murstein and Nominating & Governance Committee Chair Cynthia Hallenbeck ISS Stated "Dissident Nominees Eric Kelly and John Kiernan Would not only Impart Independence, but Both Have Public Board Experience That Could be Additive." ISS Concludes Medallion Board "Lacks the independence necessary to exercise credible effective oversight of management as it navigates the Underlying challenges." an
BIMIZCI is Medallion's (NASDAQ:MFIN) 4th largest institutional stockholder, has been invested for more than five years, and owns 500,250 shares plus $15 million par value of trust preferred securities as of May 27, 2026, representing a total cash investment of $11.4 million BIMIZCI has launched the "Restore the Shine" campaign (www.restoretheshine.com) to elect three new, outstanding, independent directors to Medallion's board We are asking stockholders of record as of April 13, 2026, to vote the BLUE proxy card now at https://restoretheshine.com/vote Co-defendants, Medallion and CEO Andrew Murstein settled a multi-year SEC fraud matter in May 2025, paying $4 million in penalties
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Raymond James initiated coverage of Medallion Fincl with a rating of Mkt Perform
Piper Sandler resumed coverage of Medallion Fincl with a rating of Neutral and set a new price target of $10.50
Ladenburg Thalmann upgraded Medallion Fincl from Neutral to Buy and set a new price target of $12.00
Ladenburg Thalmann initiated coverage of Medallion Fincl with a rating of Neutral
B. Riley Securities resumed coverage of Medallion Fincl with a rating of Buy and set a new price target of $10.00
Northland Capital downgraded Medallion Fincl from Outperform to Market Perform and set a new price target of $9.00 from $11.00 previously
B. Riley resumed coverage of Medallion Financial with a rating of Buy and set a new price target of $10.00 from $8.00 previously
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SALT LAKE CITY, June 12, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKO, the "Bank")), an FDIC-insured bank and wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN) providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, today announced that Donald Poulton will retire as its Chief Executive Officer effective June 30, 2026. Mr. Poulton will join the Bank's Board of Directors. Justin Haley, who was promoted to President of the Bank in January 2026 and has been with the institution since 2011, will succeed Mr. Poulton as Chief Executive Officer, effective July 1,
ISS and Glass Lewis Recognize Medallion's Successful Business Transformation Analysis Fails to Consider ZimCal's Ideas And Risks of Replacing Any of the Proven Incumbents with Its Nominees Medallion Also Highlights Eric Kelly's Alleged Financial Improprieties and History of Value Destruction NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company") today issued the following statement in connection with its 2026 Annual Meeting of Stockholders expressing strong disagreement with certain recommendations issued by ISS and Glass Lewis. The Company is facing its third consecutive proxy contest against ZimCal Asset Management LLC and
SALT LAKE CITY, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKO, the "Bank")), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, is pleased to announce the appointment of Joel Cannon as Senior Vice President of Sales and Marketing. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). Joel brings to the Bank more than 20 years of leadership experience in consumer lending, performance marketing, and product development, having most recently served as SVP of Sales and Marketing at Regions Home Improvement Financin
NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that its Board of Directors has appointed Andrew Murstein as Chief Executive Officer, effective January 31, 2026. Andrew Murstein will continue to serve as President, Chief Operating Officer and a member of the Board of Directors. In his expanded role, Andrew Murstein will drive the Company's overall strategic direction, overseeing capital allocation, risk management, and operational e
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company"))), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking
Authorizes Stock Repurchase Program of $35 Million Appoints Brent O. Hatch as New Independent Director and Lead Independent Director Will Engage Third Party Executive Search Firm to Assist in Search Process for an Additional Independent Director Reaches Cooperation Agreement with KORR Value, L.P. NEW YORK, May 02, 2022 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion Financial" or the "Company"))), a finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the Board has authorized a new stock repurchase program of $35 million. In co
Contends Abysmal Governance, Apparent Conflicts and Questionable Insider Dealings Have Caused Shares to Trade at a Punishing Discount to Book Value – Despite Record Earnings Fears the Company Will Perpetually Trade at a "Bad Governance Discount" and Remain Uninvestable to Many Institutional Investors Until There is Governance and Strategic Change Urges Independent Directors to Honor Their Fiduciary Duties to ALL Shareholders by Facilitating Sorely-Needed Governance Improvements and Exploring Strategic Alternatives KORR Value, L.P., which together with its affiliates owns approximately 5.7% of the outstanding common shares of Medallion Financial Corp. (NASDAQ:MFIN) (the "Company"), today
Issues Letter to Members of Board Expresses Deep Concerns With SEC Lawsuit Alleging Fraud Perpetrated by Medallion Financial and President Andrew Murstein to Boost Stock Price Calls on Board to Take Immediate Steps to Protect Interests of All Shareholders NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- KORR Value, L.P. ("KORR"), the largest unaffiliated shareholder of Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion Financial" or the "Company"), owning together with its affiliates approximately 5.6% of the outstanding shares of common stock, has nominated two highly qualified director candidates for election to the Board of Directors (the "Board") of Medallion Financial at the 2022 annua
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NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended June 30, 2026, after the market closes on Wednesday, July 29, 2026. LIVE CONFERENCE CALL AND WEBCAST A conference call to discuss the financial results will be held as follows: Date: Thursday, July 30, 2026Time: 9:00 a.m. ETDial-in number: (833) 816-1412Live webcast: Link to Webcast of 2Q26 Earnings Call A link to the live audio
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the preliminary voting results reported by the independent inspector of election for the Company's 2026 Annual Meeting of Stockholders (the "Annual Meeting"), held yesterday. Shareholders re-elected all three of the Company's director nominees, rejecting the nominees put forward by an affiliate of ZimCal Asset Management LLC ("ZimCal"). Yesterday's Annual Meeting marks the th
Medallion (NASDAQ:MFIN) Loans Are Deteriorating and It is Facing Serious Headwinds MFIN Has a History of Using False, Unsavory Attacks on Its Critics to Distract (referenced in the SEC Fraud Lawsuit) Including Accusing Them of Federal Crimes Medallion's CEO, Andrew Murstein, Was a Co-Defendant in a Multi-Year SEC Fraud Lawsuit MFIN Ignored Warning Signs and the Data 10 Years Ago Which Has Led to $260 Million in Loan Write-Offs (through 1Q26) Medallion's Board and Andrew Murstein Destroyed $363 Million In Market Capitalization From 12/4/13 (Peak) To 04/06/20 (Trough) With the Stock Dropping To $1.32 – revealing terrible business acumen BIMIZCI Urges Shareholders to Suppo
BIMIZCI's total cash investment of $11.7 million is 42% stock and 58% preferred securities ISS and Glass Lewis, 2 of the world's best-known proxy firms, supported 2 BIMIZCI candidates and agreed that change was necessary at Medallion Financial (NASDAQ:MFIN) BIMIZCI is Medallion's 4th largest institutional stockholder as of June 4, 2026, has been invested for more than 5 years, and owns 530,250 shares plus $15 million par value of trust preferred securities as of June 4, 2026 We are asking stockholders of record as of April 13, 2026, to vote the BLUE proxy card now at https://restoretheshine.com/vote Medallion and its Board continue to push an easily disprovable narrative about
Highlights ZimCal's Goal Over Three Consecutive Proxy Contests – A Debt Buyout at Above Market Price – and Misaligned Incentives Reveals Distortions in ZimCal's Campaign About Key Issues Highlights Concerning Lack of Relevant Experience Among ZimCal Nominees, Including Eric Kelly's History of Near-Complete Value Destruction and Lawsuit Alleging Fraud, Financial Improprieties and Whistleblower Retaliation Urges Shareholders to Again Support Medallion's Proven Leadership and Success By Voting the WHITE Proxy Card FOR ONLY Medallion's Nominees NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company"), today issued the following resp
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company"), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced its financial results for the quarter ended March 31, 2026. 2026 First Quarter Highlights Total net income attributable to stockholders for the first quarter was $5.0 million, or $0.20 per share, compared to $12.0 million, or $0.50 per share, in the prior year quarter. Total net income for the prior year quarter included a $9.4 million gain on equity investments, compared t
SALT LAKE CITY, April 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKO, the "Bank")), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2026. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2026 First Quarter Highlights Net income of $13.0 million, compared to $15.6 million in the prior year quarter.Net income attributable to common shareholder of $10.7 million, compared to $14.1 million in the prior year quarter.Net interest income of $54.6 million, c
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended March 31, 2026, after the market closes on Wednesday, April 29, 2026. Live Conference Call and Webcast A conference call to discuss these financial results will be held as follows: Date: Thursday, April 30, 2026Time: 9:00 a.m. ETDial-in number: (201) 689-8471Live webcast: Link to webcast of 1Q26 Earnings Call A link to the live
NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company"), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced its financial results for the quarter and full-year ended December 31, 2025. 2025 Fourth Quarter Highlights Total net income attributable to stockholders for the fourth quarter was $12.2 million, or $0.50 per share, up 20% compared to $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 prior year
NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its financial results for the quarter and year ended December 31, 2025, after market close on Wednesday, February 18, 2026. Live Conference Call and Webcast A conference call to discuss these financial results will be held as follows: Date: Thursday, February 19, 2026Time: 9:00 a.m. ETDial-in number: (412) 317-0504Live webcast: Link to webcast of 4Q25 Earnings Ca
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