Medallion Financial Corp. reports record $43M profit in 2025 despite margin pressures
Medallion Financial Corp. has reported strong financial results for 2025, marking its best year yet. The company saw net income rise by 20% to $43.0 million, with growth across loan originations and net interest income.
For the full year, net income reached $43.0 million, up from $35.9 million in 2024. The fourth quarter alone brought in $12.2 million, a 20% increase from the same period the previous year.
Loan originations climbed to $1.505 billion in 2025, compared to $1.043 billion in 2024. The final quarter of 2025 saw $421.3 million in new loans, up sharply from $285.7 million in Q4 2024. By the end of December 2025, the company's loan portfolio had grown to $2.567 billion, a 3% rise from $2.491 billion a year earlier.
Net interest income also improved, rising 7% to $216.9 million for the year and 8% to $56.4 million in the fourth quarter. However, the company noted pressure on loan margins due to Federal Reserve rate cuts and increased competition. Industry-wide, net interest margins fell by 50-100 basis points, affecting banks of all sizes.
Andrew Murstein, President and CEO, highlighted 2025 as a record year, citing strong performance in key areas. Looking ahead, Medallion plans to expand its core business, particularly in recreation and home improvement lending.
The results show steady growth in loans and income, despite broader challenges in the banking sector. Medallion's focus on targeted segments suggests further expansion in 2026.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Sleep Maxxing Trends and Tips: New Zealanders Seek Better Rest
- Over 1.7M in Baden-Württemberg at Poverty Risk, Emmendingen's Housing Crisis Urgent
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
