Medallion Financial Corp. Reports 2018 Fourth Quarter Results
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Medical Financial (MFIN) Tops Q4 EPS by 37c
February 27, 2019 4:59 PM ESTMedical Financial (NASDAQ: MFIN) reported Q4 EPS of $0.38, $0.37 better than the analyst estimate of $0.01. Revenue for the quarter came in at $27.63 million versus the consensus estimate of $24.31 million.
Net income was $9.2 million, or $0.38 per share, compared to a net loss of $4.7 million, or $0.19 per share, in the third quarter, highest quarterly profit since September 2004Total assets were $1.38 billion as of December 31, 2018Medallion Banks Tier 1 leverage ratio at quarter-end improved to 15.85%Net interest income before the provision for loan losses was $23.0 million, reflecting primarily the contributions of the consumer lending... More