← MEDALLION FINANCIAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating Revenue — — — — — — $162.2m $189.9m $203.1m $243.4m
Operating Expenses — $4.2m — — — — — — — —
Additional Financial Items
Amortization of Intangible Assets — — $1.1m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m
Equity Securities, FV-NI, Realized Gain (Loss) — — — — — $0 $0 $0 ($100k) $24.6m
Gain (Loss) on Investments — — ($34.7m) — — — $2.8m $5.2m $6.9m $24.6m
Goodwill, Impairment Loss — — $5.6m — — — — — — —
Interest Income, Operating — — $3.3m $132.6m — — — — — —
Investment Income, Interest — $265k — — — — — — — —
Lease Income — — $133k — — $0 $0 — — —
Other Income $408k $107k $494k $1.9m $1.5m $2.6m $2.0m $11.3m $11.3m $38.0m
Taxes, Miscellaneous — $258k — — — — — — — —
Interest and fees on loans — $1.7m $95.1m $130.2m $143.7m $158.0m $195.1m $244.8m $283.3m $308.1m
Non-loan interest and dividend income — — $1.6m $2.2m $1.2m $976k $1.5m $6.2m $7.4m $7.3m
Interest on deposits — — $14.2m $22.5m $22.3m $17.5m $22.7m $47.8m $70.5m $80.4m
Interest on long-term debt — — $6.1m $9.3m $9.8m $12.9m $13.4m $12.7m $17.1m $15.2m
Interest on short-term borrowings — — $4.4m $3.2m $2.0m $690k $132k $2.5m $572k $2.8m
Net interest income $12.4m $5.9m $72.5m $97.5m $110.8m $127.8m $160.4m $188.1m $202.5m $216.9m
Provision for credit losses — — — — — $4.6m $30.1m $37.8m $76.5m $89.8m
Net interest income after allowance for credit losses $12.4m $5.9m $13.5m $50.1m $41.0m $123.2m $130.4m $150.3m $126.0m $127.1m
Gain on equity investments, net — — ($939k) $0 ($3.0m) $17.4m $2.8m $5.2m $6.9m $24.6m
Gain on taxi medallion assets, net — — — — — — — $3.3m $884k $4.6m
Strategic partnership fees — — — — — — — $2.1m $1.8m $3.6m
Gain on sale of recreation loans held for sale — — — — — — — $0 $0 $1.3m
Salaries and employee benefits $11.8m $7.5m $21.7m $25.0m $28.2m $31.6m $31.1m $37.6m $38.3m $41.7m
Loan servicing fees — — $3.5m $5.3m $6.7m $7.0m $8.4m $9.5m $10.8m $11.5m
Regulatory fees — — $1.7m $1.7m $1.8m $1.9m $2.4m $3.2m $3.8m $3.6m
Penalties — — — — — — $0 $0 $3.0m $0
Income (loss) before income taxes ($9.9m) ($7.8m) ($10.7m) $2.3m ($37.0m) $81.9m $67.8m $86.0m $62.9m $79.9m
Income tax provision $10.0m $728k ($373k) ($341k) $10.1m ($24.2m) ($18.0m) ($24.9m) ($21.0m) $24.5m
Less: income attributable to the non-controlling interest — — $2.3m $3.8m $7.9m $3.5m $6.0m $6.0m $6.0m $8.8m
Less:redemption of Series F preferred stock - funds paid in excess of carrying value — — — — — — — $0 $0 $3.5m
Amortization — — $1.1m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m
Amortization Of Intangibles Income Statement — — $1.1m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m
Depreciation Amortization Depletion Income Statement — — $1.1m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m
Depreciation And Amortization In Income Statement — — $1.1m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m $1.4m
Diluted EPS $0.97 $0.01 ($1.03) ($0.07) ($1.42) $2.17 $1.83 $2.37 $1.52 $1.78
Diluted NI Availto Com Stockholders $23.5m $278k ($25.0m) ($26.2m) ($62.9m) $54.1m $43.8m $55.1m $35.9m $43.0m
Gain On Sale Of Security — — ($34.7m) — — — $2.8m $5.2m $6.9m $24.6m
Interest Income $25.1m $19.6m $100.8m $132.6m $145.0m $159.0m $196.6m $251.0m $290.7m $315.3m
Minority Interests — — — — — — ($6.0m) ($6.0m) ($6.0m) ($8.8m)
Net Income From Continuing And Discontinued Operation — — — — — — $43.8m $55.1m $35.9m $46.6m
Net Income From Continuing Operation Net Minority Interest — — — — — — $43.8m $55.1m $35.9m $46.6m
Normalized Income — — — — — — $40.3m $52.7m $37.3m $43.4m
Reconciled Depreciation — — — — — — $5.2m $5.2m $6.2m $8.3m
Rent And Landing Fees $966k $1.1m $2.0m $2.4m $2.8m $2.5m $2.4m $2.5m $2.7m $2.8m
Salaries And Wages $11.8m $7.5m $21.7m $25.0m $28.2m $31.6m $31.1m $37.6m $38.3m $41.7m
Selling General And Administration — — — — — — $33.5m $40.0m $41.0m $44.5m
Special Income Charges — — — — — — ($657k) $0 ($3.0m) $0
Tax Effect Of Unusual Items — — — — — — $1.3m $956k ($698k) $1.4m
Tax Provision — $36.2m ($69k) $341k ($10.1m) $24.2m $18.0m $24.9m $21.0m $24.5m
Tax Rate For Calcs — — — — — — $0 $0 $0 $0
Write Off — — — — — $5.6m $657k $1.7m $528k —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($9.9m) ($7.8m) ($10.7m) $2.3m ($37.0m) $81.9m $67.8m $86.0m $62.9m $79.9m
Total dividend and interest income $25.1m $19.6m $100.8m $132.6m $145.0m $159.0m $196.6m $251.0m $290.7m $315.3m
Total other income, net $408k $107k $42.0m $20.4m ($5.9m) $31.6m $9.5m $11.3m $11.3m $38.0m
Total Unusual Items — — — — — — $4.8m $3.3m ($2.1m) $4.6m
Total Unusual Items Excluding Goodwill — — — — — — $4.8m $3.3m ($2.1m) $4.6m
Pre-Tax Income ($9.9m) ($7.8m) ($10.7m) $2.3m ($37.0m) $81.9m $67.8m $86.0m $62.9m $79.9m
Net income after taxes $23.5m $278k ($22.7m) $2.0m ($26.9m) $57.7m $49.9m $61.1m $41.9m $55.3m
Net Income Continuous Operations $23.5m $278k ($22.7m) $2.0m ($26.9m) $57.7m $49.9m $61.1m $41.9m $55.3m
Net Income (Loss) Attributable to Parent $23.5m $278k ($25.0m) ($26.2m) ($62.9m) $54.1m $43.8m $55.1m $35.9m $43.0m
Net Income (Loss) Attributable to Noncontrolling Interest — — $2.3m $3.8m $7.9m $3.5m $6.0m $6.0m $6.0m $8.8m
Net Income Including Noncontrolling Interests $23.5m $278k ($22.7m) $2.0m ($26.9m) $57.7m $49.9m $61.1m $41.9m $55.3m
Earnings Per Share, Basic $0.35 $0.01 ($1.03) ($0.07) ($1.42) $2.20 $1.86 $2.45 $1.59 $1.89
Earnings Per Share, Diluted $0.97 $0.01 ($1.03) ($0.07) ($1.42) $2.17 $1.83 $2.37 $1.52 $1.78
Common Stock, Dividends, Per Share, Declared $0.35 $0.01 ($1.03) ($0.07) ($1.42) $0.00 $1.86 $2.45 $1.59 $1.89
Weighted Average Number of Shares Outstanding, Basic 24.1m 23.9m 24.2m 24.3m 24.4m 24.6m 23.6m 22.5m 22.5m 22.8m
Basic Average Shares 24.1m 23.9m 24.2m 24.3m 24.4m 24.6m $23.6m $22.5m $22.5m $22.8m
Diluted Average Shares 24.2m 24.1m 24.2m 24.3m 24.4m 24.9m $23.9m $23.2m $23.6m $24.2m
Weighted Average Number of Shares Outstanding, Diluted 24.2m 24.1m 24.2m 24.3m 24.4m 24.9m 23.9m 23.2m 23.6m 24.2m
Labor and Related Expense $11.8m $7.5m $21.7m $25.0m $28.2m $31.6m $31.1m $37.6m $38.3m $41.7m
Other Cost and Expense, Operating — $1.5m — — — — — — — —
Collection costs $94k $316k $5.2m $6.6m $5.5m $5.3m $5.3m $6.0m $6.4m $6.7m
Professional fee costs (benefits), net — — — — — — $13.1m $5.9m ($1.4m) $5.0m
Rent expense $966k $1.1m $2.0m $2.4m $2.8m $2.5m $2.4m $2.5m $2.7m $2.8m
Interest Expense $12.6m $13.8m $28.4m $35.0m $34.2m $31.1m $36.2m $62.9m $88.2m $98.4m
Interest Expense Operating — — — — — — — — $88.2m $98.4m
General And Administrative Expense — — — — — — $33.5m $40.0m $41.0m $44.5m
Rent Expense Supplemental $966k $1.1m $2.0m $2.4m $2.8m $2.5m $2.4m $2.5m $2.7m $2.8m
Interest Income (Expense), Net $12.4m $5.9m $72.5m $97.5m $110.8m $127.8m $160.4m $188.1m $202.5m $216.9m
Total other expenses $22.8m $13.8m $66.2m $68.2m $72.0m $72.9m $72.1m $75.6m $74.4m $85.2m
Total interest expense $12.6m $13.8m $28.4m $35.0m $34.2m $31.1m $36.2m $62.9m $88.2m $98.4m
Income Tax Expense (Benefit) — $36.2m ($69k) $341k ($10.1m) $24.2m $18.0m $24.9m $21.0m $24.5m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.