Medallion Financial Subsidiary Medallion Bank Q3 Net Income Falls to $11.8 Million

• 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610291605PRIMZONEFULLFEED9856493) on October 29, 2026, and is solely responsible for the information contained therein.