Medallion Financial Subsidiary Medallion Bank Q3 Net Income Falls to $11.8 Million
Bitget2026/10/29 20:22- Medallion Financial’s wholly owned subsidiary Medallion Bank posted third-quarter 2026 net income of $11.85 million, down from $19.84 million a year earlier.
- Credit-loss provisions rose to $29.84 million from $17.2 million, while annualized net charge-offs increased to 2.83% from 2.28%.
- Net interest income increased to $60 million from $55.71 million; net interest margin narrowed to 8.03% from 8.61%.
- The bank declared a $0.5625-per-share quarterly dividend on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.
- The dividend is payable January 4, 2027, to shareholders of record December 15, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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