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Medallion Bank declares $0.5625 Series G preferred dividend payable July 1

PUBT·04/29/2026 20:32:23
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Medallion Bank declares $0.5625 Series G preferred dividend payable July 1
  • Medallion Bank, wholly owned by Medallion Financial, posted Q1 2026 net income of USD 13 million, down from USD 15.6 million a year earlier.
  • Net income attributable to common shareholder fell to USD 10.7 million from USD 14.1 million.
  • Net interest income rose to USD 54.6 million from USD 52.2 million.
  • Provision for credit losses increased to USD 22.1 million from USD 19 million.
  • Board declared quarterly cash dividend of USD 0.5625 per share on Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, payable July 1 to holders of record June 15.


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: 202604291605PRIMZONEFULLFEED9709777) on April 29, 2026, and is solely responsible for the information contained therein.