Medallion Financial Corp.·Financial Services
Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Medallion Lending. It provides loans that finance consumer purchases of recreational vehicles, boats, and trailers; consumer home improvements; commercial businesses; and taxi medallions to individuals, and small to mid-size businesses. The company also offers commercial loans for purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans. In addition, it provides debt, mezzanine, and equity investment capital to companies in various industries; and raises deposits and conducts other banking activities. Medallion Financial Corp. was incorporated in 1995 and is headquartered in New York City, New York.
Financial Services
Financial - Credit Services
174
1996-05-23
0.75

Company Highlights Record-Breaking Financial Performance as Successful Business Transformation has Created Historic Value for Shareholders Exceptional Board Leadership and Oversight has Assured Effective Execution of the Strategic Plan ZimCal's Interest is Not Aligned with Common Shareholders'; ZimCal wants Medallion to Purchase its Trust Preferred Shares at a Premium to Market Value ZimCal's Self-Serving, Disruptive Third Consecutive Campaign Proposes Unqualified Nominees Who May Derail Company's Current Growth Trajectory NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”) today issued the following statement in connection with its 2026 Annual Meeting of Shareholders, urging shareholders to vote on the WHITE universal proxy card FOR the Company's three highly qualified director nominees: John Everets, Cynthia A. Hallenbeck, and Alvin Murstein.

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #Activist--MFIN earnings down. P/TBV of 0.80x. A CEO under federal injunction. 5 directors over 80. Vote to install BIMIZCI's 3 independent directors by June 9.

BIMIZCI filed its definitive proxy statement on May 8th, 2026 and launched the "Restore the Shine" campaign to replace 3 directors at Medallion Financial Go to the updated campaign website at www.restoretheshine.com BIMIZCI is the fourth-largest institutional stockholder in Medallion, has been invested for more than five years, and owns 424,769 common shares and $15 million par value of trust preferred securities as of May 12, 2026 Governance concerns at MFIN are serious, including a CEO permanently enjoined by a federal court for securities law violations in 2025 who was promoted and then paid a $4.6 million bonus that year, five of eight directors that will soon be over 80 with two of them over 85, family ties among three of eight directors, and average board and subsidiary tenure of approximately 18 years Medallion's performance has been declining with 1Q26 quarterly earnings the lowest since 3Q20, analyst consensus projecting a 36% decline in 2026 estimated earnings versus 2025 actuals, and stock returns materially trailing its peer group and the Russell 2000 under the current board Valuation multiples, specifically Price/Tangible Book Value and Price/Earnings are significantly below peers and the Russell 2000 Credit quality has deteriorated, with consumer loan charge-offs at 15-year highs, 20% of the commercial loan portfolio non-performing at FYE25, and a $73.5 million SBA loan default at a subsidiary citing the lack of a "qualified management team" Despite downward trends, Medallion management received $13 million in compensation in 2025 (the second highest annual compensation in company history) BIMIZCI's three independent director nominees bring directly relevant public-board experience across banking, regulation, frontier technology, corporate governance, and risk management (bios at https://restoretheshine.com/directors) Stockholders of record as of April 13, 2026 are urged to vote the BLUE proxy card before the annual meeting on June 9, 2026 (instructions at https://restoretheshine.com/vote ) Stockholders that have since sold still retain their right to vote and prior voters can change their vote, with only the most recent vote counting MINNEAPOLIS, May 14, 2026 (GLOBE NEWSWIRE) -- BIMIZCI Fund LLC and its affiliates, Warnke Investments LLC, ZimCal Asset Management LLC and Stephen Hodges (collectively “BIMIZCI”, “We”, “Our”) believe Medallion Financial Corp. (“Medallion”, “MFIN”, the “Company”) is undervalued and is being held back by a board and leadership team who are not putting stockholders first. With your support, we can change Medallion and unlock its potential.

Medallion Financial Corp. (MFIN) Q1 2026 Earnings Call Transcript

Medallion Financial (MFIN) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.5 per share a year ago.

NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced its financial results for the quarter ended March 31, 2026.