Medallion Financial Corp. reported strong first-quarter 2025 results, with earnings of $0.50 per share. The company originated more than $280 million of loans during the quarter, demonstrating continued robust lending activity across its segments. This performance reflects a successful pivot away from the legacy taxi medallion lending business.
The strategic partnership loan volume significantly increased to $136 million in the first quarter, a substantial rise from $16 million reported one year ago. This growth highlights the expanding success of Medallion's collaborations with fintech partners. Delinquencies in both consumer loan portfolios also showed improvement compared to the previous quarter.
In a move to return value to shareholders, Medallion's board of directors announced an increase in the quarterly dividend to $0.12 per share. This dividend increase underscores the company's confidence in its ongoing profitability and future prospects.
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