Strategic focus for 2026 targets mid-teens growth in home improvement and continued expansion in recreation, with prudent risk management and capital allocation. In April 2026, Medallion completed a private placement of $75.0 million aggregate principal amount of senior unsecured notes maturing on May 1, 2031, bearing a fixed interest rate of 8.25% per year.
Cyborg Score Rationale
Over the last 5 years the company has generated over $375 million of net income before taxes, more than its first 25 years combined. Net interest income grew 5% to $54.1 million from $51.4 million in the prior year quarter (Q1 2026). However, net income attributable to stockholders for Q1 2026 was $5.0 million ($0.20 per share) compared to $12.0 million ($0.50 per share) in the prior year quarter.
Top Insights
In June 2026, shareholders re-elected all three of the Company's director nominees, rejecting the nominees put forward by an affiliate of ZimCal Asset Management LLC at the company's third consecutive proxy contest.
The company has increased its dividend by 40% in the last three years, with a quarterly dividend of $0.14 per share declared for May 2026 payment.
Total assets were $2.95 billion as of March 31, 2026.
The company operates through wholly-owned subsidiaries including Medallion Bank (an FDIC-insured industrial bank), Medallion Capital (a Small Business Investment Company with a mezzanine financing business), and Freshstart Venture Capital Corp. (which historically originated and serviced taxi medallion and commercial loans).
Named Competitors
RV and Marine Financing — Major provider of auto and specialty financing including RVs and marine
Home Improvement Lending — Digital personal lending platform with home improvement loan offerings
Specialty Consumer Finance — Provider of online credit solutions and consumer lending services
Recent Developments
(April 2026) Completed $75 million senior notes private placement led by JP Morgan Investment Management at 8.25% interest, maturing May 2031
(April 2026) Reported Q1 2026 earnings with net income of $5.0 million ($0.20 per diluted share) and 5% net interest income growth
(June 2026) Successfully defended shareholder vote against third consecutive proxy contest by ZimCal Asset Management, re-electing all three directors
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