Medallion Financial Corp (MFIN) Earnings

Medallion Financial Corp. is a finance company that originates and services consumer loans and loans in various commercial industries. The company is headquartered in New York City, New York and currently employs 174 full-time employees. The firm provides loans to individuals and small to mid-size businesses, through its subsidiaries. The firm operates through four segments: loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; loans that finance consumer home improvements; loans that finance commercial businesses; and historically, loans that finance taxi medallions. The firm's wholly owned subsidiaries include Medallion Bank (the Bank), Medallion Capital, Inc., Medallion Funding LLC, and Freshstart Venture Capital Corp. The Bank is a federal deposit insurance corporation (FDIC), which insured industrial bank that originates consumer loans, raises deposits, and conducts other banking activities. Medallion Capital, Inc. is a small business investment company (SBIC), which conducts a mezzanine financing business.