Medallion Bank Q2 FY26 net income falls 7.6% to $16 million; net interest income rises 8.3% to $58.1 million - MFIN News | RalliesMedallion Bank Q2 FY26 net income falls 7.6% to $16 million; net interest income rises 8.3% to $58.1 million
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MFIN• Quarterly profit and margin update
- Medallion Bank posted Q2 net income of $16 million, down 7.62% from the prior-year quarter.
- Net interest income rose 8.28% to $58.06 million; net interest margin narrowed 0.09 percentage points to 8.46%.
- Provision for credit losses increased 15.35% to $21.57 million, while annualized net charge-offs improved to 2.56% of average loans.
Originations growth and preferred dividend
- Recreation originations climbed 60% to $228.5 million, and strategic partnership originations rose 47% to $247.1 million.
- Home improvement originations more than doubled to $128.6 million.
- The board declared a $0.5625 Series G preferred dividend payable Oct. 1.
