- BySeeking Alpha-
Medallion Financial (MFIN): Q4 GAAP EPS of $0.26 beats by $0.05.Revenue of $25.47M (-13.8% Y/Y) misses by $5.31M.Tier 1 leverage ratio at quarter-end was 16.93%.Press Release
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Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans. It also provides debt, mezzanine, and equity investment capital to companies in various industries. In addition, the company raises deposits and conducts other banking activities. Medallion Financial Corp. was founded in 1995 and is headquartered in New York City, New York.