Medallion Financial Corp. announced strong financial results for the second quarter ended June 30, 2025, reporting a 56% increase in net income year-over-year. Net income attributable to shareholders surged to $11.1 million, translating to $0.46 per diluted share. This performance reflects the strength of its core lending businesses and disciplined execution.
The company saw meaningful contributions from its recreation, home improvement, and commercial lending segments, supported by solid portfolio originations and higher interest income. The commercial division consistently generated net gains from equity investments, totaling $27.6 million over the past eight quarters, with six of those quarters showing significant gains.
The strategic partners loan program in Medallion Bank continued its growth trajectory, with $169 million in loan originations during the quarter, a substantial increase from $24 million a year ago. This growth, alongside recent capital offerings, positions the company for continued expansion and strong returns for shareholders.
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