Medallion Financial Corp.·Financial Services

On 04/03/26 Medallion filed an 8-K disclosing that it had defaulted on $73.5 million in debt This follows the Company's attempt and failure to raise $31.25 million in senior debt in February 2026 MFIN's commercial lending subsidiary was deemed to not “have a qualified management team” and is in default ZimCal privately WARNED Medallion about the issues in its commercial book in 2025 Medallion's leadership is destroying shareholder value and taking its stockholders for granted This situation is DIRECTLY A RESULT OF poor management and no board oversight MFIN's Price/Tangible Book is a terrible 0.85x and its stock is down 50% from its 2013 peak MFIN is underperforming and is well below other lenders and MFIN-selected peers MFIN needs better leadership and a tech-first mindset to succeed – the status quo is unacceptable MINNEAPOLIS, April 10, 2026 (GLOBE NEWSWIRE) -- ZimCal was appalled, but not surprised, to learn that Medallion Financial had defaulted on $73.5 million in debt. We have warned investors repeatedly that the Company is being mismanaged and in this increasingly uncertain world with technology upending the way financial institutions will be run, poor management will lead to catastrophic results.

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It appears MFIN was forced to deplete its holding company cash balances to repay $31.25 million in debt The Company tried and failed to raise debt before the February 26th, 2026 maturity MFIN will need to raise debt or equity SOON – we believe it will be expensive or one-sided This situation is DIRECTLY A RESULT OF poor management and no board oversight Markets are afraid in general, MFIN's decision-making is making it worse MFIN's Tangible Book is still below its 4Q2013 peak - stock price is down 40% from its peak Price/Tangible Book Value is a terrible ~1.0x and substantially below other lenders and MFIN-selected peers MFIN needs better leadership and a tech-first mindset to succeed MINNEAPOLIS, March 06, 2026 (GLOBE NEWSWIRE) -- ZimCal has put together a short presentation (here) that shows why the recent debt maturity and paydown is just more evidence of serious underlying issues with MFIN's leadership. The Company is being held back by poor decisions and low institutional investor confidence.

Medallion Financial Corp. (MFIN) Q4 2025 Earnings Call Transcript

Medallion Financial (MFIN) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.43 per share a year ago.
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
0.83