Medical Financial (MFIN) Tops Q4 EPS by 37c
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Medallion Financial Corp. Reports 2018 Fourth Quarter Results
February 27, 2019 4:03 PM ESTNEW YORK--(BUSINESS WIRE)-- Medallion Financial Corp. (Nasdaq: MFIN, Medallion or the Company), a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2018 fourth quarter results. Effective April 2, 2018, Medallion Financial Corp. withdrew its BDC election, and now operates as a finance company following the reporting conventions of bank holding companies, for the nine months ended December 31, 2018. A major component of this change is that we now consolidate wholly-owned or controlled subsidiaries, particularly Medallion Bank, which were previously treated as unconsolidated portfolio investment companies.
2018 Fourth Quarter Highlights
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