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Medallion Bank reports $16M Q2 net income, growth in loan originations, and declares Series G preferred dividend.

Company Fundamentals
29 Jul 2026
GlobeNewsWire
View Source
Neutral
Medallion Bank reports $16M Q2 net income, growth in loan originations, and declares Series G preferred dividend.

Medallion Bank announced its Q2 2026 results with a net income of $16 million, slightly down from $17.3 million the previous year. The bank saw significant growth in loan originations: recreation loans increased 60% to $228.5 million, home improvement loans rose 137% to $128.6 million, and strategic partnership loans grew 47% to $247.1 million. Despite a higher provision for credit losses, the bank maintained strong asset quality and capital ratios. Additionally, Medallion declared a quarterly dividend of $0.5625 per share on its Series G preferred stock, payable in October 2026.

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