Medallion Bank Reports 2021 Second Quarter Results and Declares Series F Preferred Stock Dividend
July 30, 2021 16:01 ET | Source: Medallion Financial Medallion Financial New York, New York, UNITED STATES
SALT LAKE CITY, July 30, 2021 (GLOBE NEWSWIRE) Medallion Bank (Nasdaq: MBNKP, “the Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 second quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
2021 Second Quarter Highlights
Record quarterly net income of $17.5 million compared to net income of $1.8 million in the prior year period.
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