Medallion Financial Announces Q3 2026 Results and New $40 Million Share Repurchase Plan
Medallion Financial (MFIN) reported its third-quarter 2026 results, highlighting a strategic shift toward higher-quality consumer lending. CEO Andrew Murstein noted that the company is intentionally prioritizing home improvement loans over recreational loans to improve credit profiles, even though this pivot leads to some net interest margin (NIM) compression. The company is also focused on reducing funding costs by diversifying its deposit base, successfully growing high-yield savings balances from $2.5 million in Q2 to $101 million by the end of September. To support shareholder value, the Board approved a new $40 million stock repurchase program, citing that shares are currently trading below tangible book value. Looking forward, Medallion aims to expand its asset base from $3 billion toward a target of $5 billion over the next few years through disciplined loan pricing and new partnership programs.
Tickers: $MFIN
Topics: consumer lending deposit diversification earnings report net interest margin stock buyback
Read the full article at Motley Fool
Part of the story JLL Reports Record Q3 Results and Announces $500 Million Accelerated Share Repurchase (6 articles)