Medallion Financial Corp
medallion.comWhat Do They Do?
Provides loans to consumers for recreational purchases and home improvements, lends to small and mid-size businesses, and offers loan-origination services to fintech partners.
10-K for FY2025, filed Mar 10, 2026We provide loans to individuals and small to mid-size businesses, through our subsidiaries, under four operating segments:View ↗
loans that finance consumer purchases of recreational vehicles, or RVs, boats, collector cars, and other consumer recreational equipment;View ↗
loans that finance consumer home improvements;View ↗
loans that finance commercial businesses; and historically, loans that finance taxi medallions.View ↗
In 2019, the Bank launched a strategic partnership program to provide lending and other services to financial technology, or fintech…View ↗
How Do They Make Money?
Earns interest as borrowers repay consumer and commercial loans over time. Fintech partners also pay contracted program fees, and the company earns interest while partner-facilitated loans remain on its books.
10-K for FY2025, filed Mar 10, 2026
$315.3M
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10-K for FY2025, filed Mar 10, 2026
$315.3M ↗
Who Are Their Customers?
Consumers obtain recreation loans through dealers and financial service providers, and home-improvement loans through contractors and financial service providers. Commercial borrowers are sourced through private-equity sponsors and bank referrals; fintech companies receive lending and other services through strategic partnerships.
10-K for FY2025, filed Mar 10, 2026We maintain relationships with approximately 3,400 dealers and financial service providers, or FSPs, not all of which are active at any one…View ↗
Working directly with contractors and FSPs, we offer flexible customer financing for window, siding, and roof replacement, swimming pool…View ↗
In 2019, the Bank launched a strategic partnership program to provide lending and other services to financial technology, or fintech…View ↗
Our senior management establishes loan origination criteria for commercial loans. Loans that conform to such criteria may be processed by a…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 10, 2026
10-K for FY2025, filed Mar 10, 2026
$43MView ↗
How Are They Changing?
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Jun 12, 2026
Medallion Bank appoints David Justin Haley as CEO ahead of Donald Poulton's retirement
Poulton planned to retire effective June 30, 2026, and Haley was appointed CEO effective July 1, 2026, while continuing as bank president.
Sources
8-K, filed Jun 12, 2026
(b) On June 11, 2026, Mr. Donald Poulton notified Medallion Financial Corp. and Medallion Bank of his intention to retire from his position…View ↗
Growing. Revenue grew 98% in 4 years, from $159M in FY2021 to $315.3M in FY2025, about 19% a year.
Commercial lending focus
The older report describes senior and subordinated loans nationwide for equipment and business purchases; the latest describes subordinated loans to lower middle market businesses for acquisitions, recapitalizations, ownership transitions, and growth.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 10, 2026
Taxi medallion lending
The older report describes a medallion loan portfolio and referrals from taxi brokers; the latest describes remaining assets being wound down and says the bank has stopped originating new taxi loans.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 10, 2026
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