Medallion Bank Q1 net income falls 16.84% to $13.01 million

• Medallion Bank first-quarter net income fell 16.8% to $13 million.
• Net interest income rose 4.5% to $54.6 million, while net interest margin widened 0.04 percentage points to 8.39%.
• Provision for credit losses increased 16.3% to $22.1 million.
• Recreation loan originations jumped 64% to $142.5 million, lifting recreation loan portfolio 17% to $1.7 billion.
• Board declared quarterly cash dividend of $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 Bank published the original content used to generate this news brief on April 29, 2026, and is solely responsible for the information contained therein.