MFIN - Medallion Financial GAAP EPS of $0.32 beats by $0.14 revenue of $41.81M beats by $3.03M
- Medallion Financial press release ( NASDAQ: MFIN ): Q3 GAAP EPS of $0.32 beats by $0.14 .
- Revenue of $41.81M (+1.3% Y/Y) beats by $3.03M .
- Net interest income grew 23% to $42.0 million from $34.1 million in the prior year quarter.
- Net interest margin was 8.91%, compared to 9.48% in the prior year quarter.
- Loan originations increased 40% to $273.7 million from $195.8 million in the prior year quarter.
- The loan loss provision was $10.0 million, compared to a benefit of $0.3 million in the prior year quarter.
- The Company declared and paid a quarterly cash dividend of $0.08 per share.
- The Company repurchased 1,053,870 shares of its common stock during the quarter for $8.2 million.
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Medallion Financial GAAP EPS of $0.32 beats by $0.14, revenue of $41.81M beats by $3.03M