MEDALLION FINANCIAL CORP (TAXI) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2015

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Exhibit 99.1

 

LOGO

FOR FURTHER INFORMATION:

 

AT THE COMPANY:

   AT ZLOKOWER COMPANY

Medallion Financial Corp.

   Public Relations

437 Madison Avenue

   Harry Zlokower/Dave Closs

New York, New York10022

   1-212-863-4193

Andrew M. Murstein, President

Larry D. Hall, CFO

1-212-328-2100

1-877-MEDALLION

FOR IMMEDIATE RELEASE:

MEDALLION FINANCIAL CORP. REPORTS

2015 SECOND QUARTER RESULTS

 

    Second quarter earnings of $8,086,000, or $0.33 per diluted common share, increased 14% from the 2014 second quarter, among our best quarters ever

 

    Net investment income after taxes increased 14% compared to the 2014 quarter

 

    64% of earnings came from our consumer lending businesses

 

    Consumer loans originated by Medallion Bank grew 30% and achieved a record number of loan applications and closings

 

    Managed assets reached $1.549 billion, including $1.003 billion at Medallion Bank, both all-time highs

 

    The Company more than doubled its stock buyback capacity, authorizing up to $26 million of additional stock repurchases

 

    Quarterly distribution of $0.25 per share declared

NEW YORK, NY – August 4, 2015 - Medallion Financial Corp. (Nasdaq: TAXI) announced that earnings, or net increase in net assets resulting from operations, were $8,086,000 or $0.33 per diluted common share and $15,154,000 or $0.62 per share in the 2015 second quarter and six months, up $981,000 or 14% and $1,284,000 or 9% from $7,105,000 or $0.28 per share and $13,870,000 or $0.55 per share in the 2014 second quarter and six months.

 

(more)


The following information was filed by MEDALLION FINANCIAL CORP on Wednesday, August 5, 2015 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Quarterly
  • Number of times amended: 0
  • Accession Number: 0001193125-15-372161
  • Submitted to the SEC: Monday, November 9, 2015
  • Accepted by the SEC: Monday, November 9, 2015
  • Period Ending: September 2015
Companies
 

TAXI Morningstar

MEDALLION FINANCIAL CORP

$7.71 +0 (+0%)

Day's Range:
$7.30 to $7.92

52-Week Range:
$5.90 to $11.04

Volume:
360,629

Volume (Avg):
164,740

Earnings per Share:
$1.19

PEG / Short / PE Ratios:
0.00 / 0.00 / N/A

Market Cap:
$N/A

Book Value:
0.00

EBITDA:
$0.00