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

 

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FOR FURTHER INFORMATION:
AT THE COMPANY:    AT ZLOKOWER COMPANY
Medallion Financial Corp.    Public Relations
437 Madison Avenue    Harry Zlokower/Dave Closs
New York, New York 10022    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 THIRD QUARTER RESULTS

 

    Third quarter earnings of $7,312,000, or $0.30 per diluted common share, increased 9% from the 2014 third quarter

 

    75% of year-to-date earnings came from our consumer lending businesses

 

    Consumer loans originated by Medallion Bank grew 31% from a year ago

 

    Managed assets were $1.621 billion, including $1.073 billion at Medallion Bank, both all-time highs

 

    Net interest margin was 6.89% on a combined basis

 

    Quarterly distribution of $0.25 per share declared

NEW YORK, NY – November 4, 2015 – Medallion Financial Corp. (Nasdaq: TAXI) announced that earnings, or net increase in net assets resulting from operations, were $7,312,000 or $0.30 per diluted common share and $22,466,000 or $0.92 in the 2015 third quarter and nine months, up $618,000 or 9% and $1,902,000 or 9% from $6,694,000 or $0.27 per share and $20,564,000 or $0.82 in the 2014 third quarter and nine months, primarily reflecting higher net realized/unrealized gains, partially offset by lower net interest income and noninterest income higher operating expenses in the quarter and higher net interest income in the nine months.

 

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The following information was filed by MEDALLION FINANCIAL CORP on Wednesday, November 4, 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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Companies may provide additional information to their SEC Filings as exhibits. Click a link below to view an exhibit that was filed with this report:

Exhibit 31.1 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 31.2 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 32.1 - SECTION 1350 CERTIFICATION

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Exhibit 32.2 - SECTION 1350 CERTIFICATION

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Exhibit 99.1 - ADDITIONAL EXHIBITS

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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 +0.56 (+7.83%)

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