Medallion financial corp (MFIN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Interest and fees on loans

35,019

-

34,081

31,313

29,439

30,277

32,692

32,026

85

Interest and dividends on investment securities

470

-

521

-

566

-

430

-

-

Interest and dividends on investment securities

-

-

-

669

-

-

-

588

-

Medallion lease income

53

-

38

33

38

-

30

30

-

Interest income on investments

-

-

-

-

-

0

0

3,043

244

Interest income

-

-

34,640

32,015

-

-

33,152

32,644

-

Total interest income

35,542

-

34,640

32,015

30,043

-

33,152

32,644

-

Interest on deposits

5,941

-

6,003

5,485

4,921

-

5,064

4,200

-

Interest on short-term borrowings

564

-

730

904

982

-

1,698

1,859

-

Interest on long-term debt

2,495

-

2,492

2,432

1,819

-

2,125

1,866

-

Total interest expense

9,000

9,277

9,225

8,821

7,722

-

8,887

7,925

-

Net interest income

26,542

26,587

25,415

23,194

22,321

23,003

24,265

24,719

-

Provision for loan losses

16,541

10,535

8,337

15,171

13,343

-

18,205

30,576

-

Net interest income after provision for loan losses

10,001

16,052

17,078

8,023

8,978

-

6,060

-5,857

-

Other income (loss)
Sponsorship and race winnings

2,573

2,734

7,940

4,889

3,179

-

5,371

5,228

-

Gain on sale of loans

-

-

-

-

-

-

5,488

-

-

Write-down of loan collateral in process of foreclosure

6,286

-

-

-

2,119

-

-

-

-

Impairment of equity investments

3,510

-

-

-

-

-

388

474

-

Change in collateral value on in process of foreclosure

-

-

-113

-1,972

-

-

-1,265

-96

-

Gain on the extinguishment of debt

-

0

0

0

4,145

-

-

-

-

Other income

243

-

1,047

-1,234

1,658

-

235

220

-

Total other income (loss), net

-6,980

-

8,874

1,683

6,863

-

9,441

4,878

-

Other expenses
Salaries and employee benefits

6,933

-

6,795

6,321

5,341

-

5,999

5,639

-

Professional fees

3,589

-

2,277

2,048

1,636

-

3,951

2,246

-

Race team related expenses

2,130

1,785

2,663

2,550

1,998

-

2,876

2,540

-

Loan servicing fees

1,612

-

1,364

1,293

1,194

-

1,185

1,128

-

Collection costs

1,229

-

1,698

2,253

638

-

1,381

837

-

Rent expense

697

-

592

577

600

-

615

591

-

Regulatory fees

365

-

252

448

447

-

563

582

-

Amortization of intangible assets

361

362

361

362

361

-

361

361

-

Travel, meals, and entertainment

208

-

300

205

265

-

313

603

-

Other expenses

2,147

-

2,050

2,127

2,222

-

2,220

2,399

-

Total other expenses

19,271

-

18,352

18,184

14,702

-

19,464

16,926

-

Income (loss) before income taxes

-16,250

2,076

7,600

-8,478

1,139

14,712

-3,963

-17,905

-

Income tax benefit

-3,249

-

165

-1,835

-256

-

-117

-4,021

-

Net income (loss) after taxes

-13,001

-

-

-

1,395

-

-

-

-

Net income (loss) after taxes/net investment loss after taxes

-

-

7,435

-6,643

-

-

-3,846

-13,884

-

Net income (loss) after taxes/net increase (decrease) on net assets resulting from operations

-

-

7,435

-6,643

-

9,865

-3,846

-13,884

-

Less: income attributable to the non-controlling interest

642

-

2,460

857

167

-

851

763

-

Total net income (loss) attributable to Medallion Financial Corp.

-13,643

-

4,975

-7,500

1,228

9,172

-4,697

-14,647

-

Basic net income (loss) per share

-0.56

-

0.20

-

0.05

0.38

-0.19

-

-0.62

Diluted net income (loss) per share

-0.56

-

0.20

-

0.05

0.38

-0.19

-

-0.62

Basic and diluted net loss per share

-

-

-

-0.31

-

-

-

-0.60

-

Weighted average common shares outstanding
Basic

24,401

-

24,361

-

24,288

-

24,235

-

24,154

Diluted

24,401

-

24,607

-

24,616

-

24,235

-

24,154

Basic and diluted

-

-

-

24,359

-

-

-

24,230

-

Investment Company Accounting [Member]
Interest and dividends on investment securities

-

-

-

-

-

-

-

-

14

Medallion lease income

-

-

-

-

-

-

-

-

40

Interest income on investments

-

-

-

-

-

-

-

-

3,287

Total interest income/total investment income

-

-

-

-

-

-

-

-

4,033

Interest expense

-

-

-

-

-

-

-

-

3,551

Total interest expense

-

-

-

-

-

-

-

-

3,551

Net interest income (loss)

-

-

-

-

-

-

-

-

482

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

482

Other income

-

-

-

-

-

-

-

-

60

Total other income

-

-

-

-

-

-

-

-

60

Salaries and employee benefits

-

-

-

-

-

-

-

-

2,349

Professional fees

-

-

-

-

-

-

-

-

723

Rent expense

-

-

-

-

-

-

-

-

243

Travel, meals and entertainment

-

-

-

-

-

-

-

-

206

Collection costs

-

-

-

-

-

-

-

-

120

Other expenses

-

-

-

-

-

-

-

-

467

Total other expenses

-

-

-

-

-

-

-

-

4,108

Income before income taxes/net investment loss before taxes

-

-

-

-

-

-

-

-

-3,566

Income tax benefit

-

-

-

-

-

-

-

-

-336

Net income after taxes/net investment loss after taxes

-

-

-

-

-

-

-

-

-3,230

Net realized losses on investments

-

-

-

-

-

-

-

-

-34,745

Income tax benefit

-

-

-

-

-

-

-

-

-8,426

Total net realized losses on investments

-

-

-

-

-

-

-

-

-26,319

Net change in unrealized appreciation on Medallion Bank and other controlled subsidiaries

-

-

-

-

-

-

-

-

29,115

Net change in unrealized depreciation on investments other than securities

-

-

-

-

-

-

-

-

1,915

Net change in unrealized depreciation on investments

-

-

-

-

-

-

-

-

4,403

Income tax provision

-

-

-

-

-

-

-

-

8,122

Net unrealized appreciation on investments

-

-

-

-

-

-

-

-

14,675

Net realized/unrealized losses on investments

-

-

-

-

-

-

-

-

-11,644

Net income after taxes/net decrease on net assets resulting from operations

-

-

-

-

-

-

-

-

-14,874

Total net income attributable to Medallion Financial Corp./net (decrease) on net assets resulting from operations

-

-

-

-

-

-

-

-

-14,874

Basic net income (loss) per share

-

-

-

-

-

-

-

-

-0.62

Diluted net income (loss) per share

-

-

-

-

-

-

-

-

-0.62

Distributions declared per share

-

-

-

-

-

-

-

-

0.00

Basic

-

-

-

-

-

-

-

-

24,154

Diluted

-

-

-

-

-

-

-

-

24,154