← MEDALLION FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | — | — | $72.5m |
$97.5m
+34.56%
|
$110.8m
+13.63%
|
$127.8m
+15.35%
|
$162.2m
+26.93%
|
$189.9m
+17.03%
|
$203.1m
+6.96%
|
$243.4m
+19.84%
|
$233.8m
-3.94%
|
|
| Net interest income | $12.4m |
$5.9m
-52.98%
|
$72.5m
+1137.94%
|
$97.5m
+34.56%
|
$110.8m
+13.63%
|
$127.8m
+15.35%
|
$160.4m
+25.51%
|
$188.1m
+17.24%
|
$202.5m
+7.68%
|
$216.9m
+7.09%
|
$223.4m
+3.01%
|
|
| Interest Income (Expense), Net | $12.4m |
$5.9m
-52.98%
|
$72.5m
+1137.94%
|
$97.5m
+34.56%
|
$110.8m
+13.63%
|
$127.8m
+15.35%
|
$160.4m
+25.51%
|
$188.1m
+17.24%
|
$202.5m
+7.68%
|
$216.9m
+7.09%
|
$325.9m
+50.26%
|
|
| Salaries and employee benefits | $11.8m | $7.5m | $21.7m | $25.0m | $28.2m | $31.6m | $31.1m | $37.6m | $38.3m | $41.7m | — | |
| Labor and Related Expense | $11.8m | $7.5m | $21.7m | $25.0m | $28.2m | $31.6m | $31.1m | $37.6m | $38.3m | $41.7m | — | |
| General And Administrative Expense | — | — | — | — | — | — | $33.5m | $40.0m | $41.0m | $44.5m | $46.6m | |
| Amortization of Intangible Assets | — | — | $1.1m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | — | |
| Operating Expenses | — | $4.2m | — | — | — | — | — | — | — | — | — | |
| Interest Expense | $12.6m | $13.8m | $28.4m | $35.0m | $34.2m | $31.1m | $36.2m | $62.9m | $88.2m | $98.4m | $102.5m | |
| Interest Income, Operating | — | — | $3.3m | $132.6m | — | — | — | — | — | — | $325.9m | |
| Investment Income, Interest | — | $265k | — | — | — | — | — | — | — | — | — | |
| Net interest income after allowance for credit losses | $12.4m |
$5.9m
-52.98%
|
$13.5m
+129.95%
|
$50.1m
+272.42%
|
$41.0m
-18.23%
|
$123.2m
+200.54%
|
$130.4m
+5.82%
|
$150.3m
+15.27%
|
$126.0m
-16.14%
|
$127.1m
+0.82%
|
$223.4m
+75.82%
|
|
| Interest Income | $25.1m | $19.6m | $100.8m | $132.6m | $145.0m | $159.0m | $196.6m | $251.0m | $290.7m | $315.3m | $325.9m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | $0 | $0 | $0 | ($100k) | $24.6m | — | |
| Gain (Loss) on Investments | — | — | ($34.7m) | — | — | — | $2.8m | $5.2m | $6.9m | $24.6m | — | |
| Gain on sale of recreation loans held for sale | — | — | — | — | — | — | — | $0 | $0 | $1.3m | — | |
| Gain On Sale Of Security | — | — | ($34.7m) | — | — | — | $2.8m | $5.2m | $6.9m | $24.6m | $9.6m | |
| Other Income | $408k | $107k | $494k | $1.9m | $1.5m | $2.6m | $2.0m | $11.3m | $11.3m | $38.0m | — | |
| Total other income, net | $408k | $107k | $42.0m | $20.4m | ($5.9m) | $31.6m | $9.5m | $11.3m | $11.3m | $38.0m | — | |
| Total other expenses | $22.8m | $13.8m | $66.2m | $68.2m | $72.0m | $72.9m | $72.1m | $75.6m | $74.4m | $85.2m | — | |
| Income (loss) before income taxes | ($9.9m) | ($7.8m) | ($10.7m) | $2.3m | ($37.0m) | $81.9m | $67.8m | $86.0m | $62.9m | $79.9m | — | |
| Pre-Tax Income | ($9.9m) | ($7.8m) | ($10.7m) | $2.3m | ($37.0m) | $81.9m | $67.8m | $86.0m | $62.9m | $79.9m | $66.3m | |
| Income tax provision | $10.0m | $728k | ($373k) | ($341k) | $10.1m | ($24.2m) | ($18.0m) | ($24.9m) | ($21.0m) | $24.5m | — | |
| Income Tax Expense (Benefit) | — | $36.2m | ($69k) | $341k | ($10.1m) | $24.2m | $18.0m | $24.9m | $21.0m | $24.5m | $21.1m | |
| Net Income From Continuing And Discontinued Operation | $23.5m | $278k | ($25.0m) | ($26.2m) | ($62.9m) | $54.1m | $43.8m | $55.1m | $35.9m | $46.6m | $35.9m | |
| Net income after taxes | $23.5m | $278k | ($22.7m) | $2.0m | ($26.9m) | $57.7m | $49.9m | $61.1m | $41.9m | $55.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $2.3m | $3.8m | $7.9m | $3.5m | $6.0m | $6.0m | $6.0m | $8.8m | $32.4m | |
| Earnings Per Share, Basic | $0.35 | $0.01 | ($1.03) | ($0.07) | ($1.42) | $2.20 | $1.86 | $2.45 | $1.59 | $1.89 | $1.40 | |
| Earnings Per Share, Diluted | $0.97 | $0.01 | ($1.03) | ($0.07) | ($1.42) | $2.17 | $1.83 | $2.37 | $1.52 | $1.78 | $1.33 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.34 | $0.42 | $0.48 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 24.1m | 23.9m | 24.2m | 24.3m | 24.4m | 24.6m | 23.6m | 22.5m | 22.5m | 22.8m | 23.0m | |
| Basic Average Shares | 24.1m | 23.9m | 24.2m | 24.3m | 24.4m | 24.6m | $23.6m | $22.5m | $22.5m | $22.8m | $23.0m | |
| Diluted Average Shares | 24.2m | 24.1m | 24.2m | 24.3m | 24.4m | 24.9m | $23.9m | $23.2m | $23.6m | $24.2m | $24.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 24.2m | 24.1m | 24.2m | 24.3m | 24.4m | 24.9m | 23.9m | 23.2m | 23.6m | 24.2m | 24.4m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | $5.6m | — | — | — | — | — | — | — | — | |
| Lease Income | — | — | $133k | — | — | $0 | $0 | — | — | — | — | |
| Taxes, Miscellaneous | — | $258k | — | — | — | — | — | — | — | — | — | |
| Interest and fees on loans | — | $1.7m | $95.1m | $130.2m | $143.7m | $158.0m | $195.1m | $244.8m | $283.3m | $308.1m | — | |
| Non-loan interest and dividend income | — | — | $1.6m | $2.2m | $1.2m | $976k | $1.5m | $6.2m | $7.4m | $7.3m | — | |
| Interest on deposits | — | — | $14.2m | $22.5m | $22.3m | $17.5m | $22.7m | $47.8m | $70.5m | $80.4m | — | |
| Interest on long-term debt | — | — | $6.1m | $9.3m | $9.8m | $12.9m | $13.4m | $12.7m | $17.1m | $15.2m | — | |
| Interest on short-term borrowings | — | — | $4.4m | $3.2m | $2.0m | $690k | $132k | $2.5m | $572k | $2.8m | — | |
| Provision for credit losses | — | — | — | — | — | $4.6m | $30.1m | $37.8m | $76.5m | $89.8m | — | |
| Gain on equity investments, net | — | — | ($939k) | $0 | ($3.0m) | $17.4m | $2.8m | $5.2m | $6.9m | $24.6m | — | |
| Gain on taxi medallion assets, net | — | — | — | — | — | — | — | $3.3m | $884k | $4.6m | — | |
| Strategic partnership fees | — | — | — | — | — | — | — | $2.1m | $1.8m | $3.6m | — | |
| Loan servicing fees | — | — | $3.5m | $5.3m | $6.7m | $7.0m | $8.4m | $9.5m | $10.8m | $11.5m | — | |
| Regulatory fees | — | — | $1.7m | $1.7m | $1.8m | $1.9m | $2.4m | $3.2m | $3.8m | $3.6m | — | |
| Penalties | — | — | — | — | — | — | $0 | $0 | $3.0m | $0 | — | |
| Less: income attributable to the non-controlling interest | — | — | $2.3m | $3.8m | $7.9m | $3.5m | $6.0m | $6.0m | $6.0m | $8.8m | — | |
| Less:redemption of Series F preferred stock - funds paid in excess of carrying value | — | — | — | — | — | — | — | $0 | $0 | $3.5m | — | |
| Diluted EPS | $0.97 | $0.01 | ($1.03) | ($0.07) | ($1.42) | $2.17 | $1.83 | $2.37 | $1.52 | $1.78 | $1.33 | |
| Diluted NI Availto Com Stockholders | — | — | — | — | — | — | $43.8m | $55.1m | $35.9m | $43.0m | $32.4m | |
| Minority Interests | — | — | — | — | — | — | ($6.0m) | ($6.0m) | ($6.0m) | ($8.8m) | ($9.3m) | |
| Normalized Income | — | — | — | — | — | — | $40.3m | $52.7m | $37.3m | $43.4m | $32.2m | |
| Reconciled Depreciation | — | — | — | — | — | — | $5.2m | $5.2m | $6.2m | $8.3m | $1.5m | |
| Rent And Landing Fees | $966k | $1.1m | $2.0m | $2.4m | $2.8m | $2.5m | $2.4m | $2.5m | $2.7m | $2.8m | $2.8m | |
| Salaries And Wages | $11.8m | $7.5m | $21.7m | $25.0m | $28.2m | $31.6m | $31.1m | $37.6m | $38.3m | $41.7m | $43.8m | |
| Selling General And Administration | — | — | — | — | — | — | $33.5m | $40.0m | $41.0m | $44.5m | — | |
| Special Income Charges | — | — | — | — | — | — | ($657k) | $0 | ($3.0m) | $0 | $0 | |
| Tax Effect Of Unusual Items | — | — | — | — | — | — | $1.3m | $956k | ($698k) | $1.4m | $1.7m | |
| Tax Provision | — | $36.2m | ($69k) | $341k | ($10.1m) | $24.2m | $18.0m | $24.9m | $21.0m | $24.5m | $21.1m | |
| Tax Rate For Calcs | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | — | $5.6m | $657k | $1.7m | $528k | — | $528k | |
| Other Cost and Expense, Operating | — | $1.5m | — | — | — | — | — | — | — | — | — | |
| Collection costs | $94k | $316k | $5.2m | $6.6m | $5.5m | $5.3m | $5.3m | $6.0m | $6.4m | $6.7m | — | |
| Professional fee costs (benefits), net | — | — | — | — | — | — | $13.1m | $5.9m | ($1.4m) | $5.0m | — | |
| Rent expense | $966k | $1.1m | $2.0m | $2.4m | $2.8m | $2.5m | $2.4m | $2.5m | $2.7m | $2.8m | $2.8m | |
| Total Unusual Items | — | — | — | — | — | — | $4.8m | $3.3m | ($2.1m) | $4.6m | $5.5m |