Medallion Financial posts Q3 loss despite loan growth and launches $40 M buyback
Medallion Financial Corp. reported third‑quarter 2026 net income of $2.4 million, or $0.10 per share, down from $7.8 million a year earlier. Loan originations rose 41% to $603.9 million and the loan portfolio grew 15% to $2.936 billion, driven by a 145% jump in home‑improvement originations. Credit‑loss provisions increased to $30.8 million, pulling earnings lower, while the company repurchased $5.6 million of stock and announced a new $40 million share‑repurchase program.
Why it matters
The earnings miss, relative to Zacks' $0.32 per‑share expectation and the consensus $63.54 million revenue forecast, may pressure the stock and influence investor sentiment. The expanded loan book and new buyback program could affect future earnings and cash flow.
Key facts
- 1Net income attributable to stockholders was $2.4 million, or $0.10 per share, versus $7.8 million, or $0.32 per share, in the prior year quarter. stocktitan.net
- 2Net interest income grew 5% to $58.4 million. stocktitan.net
- 3Net interest margin was 7.34%, down from 8.21% a year ago. stocktitan.net
- 4Loan originations increased 41% to $603.9 million. stocktitan.net
- 5Total loan portfolio as of September 30, 2026 was $2.936 billion, up 15% from a year earlier. stocktitan.net
- 6Credit‑loss provision for the quarter was $30.8 million. stocktitan.net
Open questions
- Revenue figure differs: $92.3 million reported by Yahoo versus $58.38 million reported by Investing.com.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.