Medallion Financial Corp. reported second quarter 2026 results showing total net income of $7.4 million, or $0.31 per share, down from $11.1 million in the prior year period due to a decline in equity investment gains. Total assets surpassed $3.0 billion for the first time, while loan originations increased 63% to $611.6 million and net interest income grew 7% to $57.2 million. The company declared and paid a quarterly cash dividend of $0.14 per share and repurchased approximately 780,000 shares for $7.7 million. Medallion Financial Corp. operates in the specialty finance industry, originating and servicing consumer and commercial loans.

Medallion Financial Corp. announced the retirement of Donald S. Poulton, effective June 30, 2026, from his role as Chief Executive Officer of Medallion Bank. The Compensation Committee approved the accelerated vesting of 92,978 shares of his unvested restricted stock on June 25, change in in status from employee to director will not trigger a termination under the 2018 Equity Incentive Plan, preserving his vested stock options expiration dates. The Committee also approved his eligibility for a discretionary annual cash bonus to be determined in early 2027. Medallion Financial Corp. is a financial services company providing specialized banking and lending solutions.

Donald Poulton is retiring as Chief Executive Officer of Medallion Bank, effective June 30, 2026, and will join the Board of Directors on July 1, 2026. David Justin Haley, currently the President, will succeed him as Chief Executive Officer effective July 1, 2026. Medallion Financial Corp. is a financial services company providing consumer lending solutions.

Medallion Financial Corp. has cured a previously disclosed event of default on its outstanding SBA debentures by successfully completing background checks for two submitted candidates. Medallion Financial Corp. is a financial services company providing lending-based solutions for small businesses.