Medallion Financial Corp. (MBNKP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
437 MADISON AVE 38 TH FLOOR NEW YORK, NY 10022 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 54,291 | 33,172 | 64,482 | 54,743 | 17,700 | 57,713 | |||
| Cash and cash equivalent | 52,591 | 33,172 | 64,482 | 54,743 | 17,700 | 57,713 | |||
| Short-term investments | 1,700 | ||||||||
| Total current assets: | 54,291 | 33,172 | 64,482 | 54,743 | 17,700 | 57,713 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,785 | 9,723 | 10,045 | 11,737 | 13,482 | ✕ | |||
| Long-term investments and receivables | 11,430 | 10,293 | 9,726 | 9,746 | 10,079 | ||||
| Long-term investments | 11,430 | 10,293 | 9,726 | 9,746 | 10,079 | ||||
| Intangible assets, net (including goodwill) | 171,394 | 172,838 | 174,283 | 201,893 | 203,339 | 53,982 | |||
| Goodwill | 150,803 | 150,803 | 150,803 | 150,803 | 150,803 | ||||
| Intangible assets, net (excluding goodwill) | 20,591 | 22,035 | 23,480 | 51,090 | 52,536 | 53,982 | |||
| Total noncurrent assets: | 191,609 | 192,854 | 194,054 | 223,376 | 226,900 | 53,982 | |||
| Other undisclosed assets | 2,341,927 | 2,033,853 | 1,614,521 | 1,364,292 | 1,297,067 | 1,270,151 | |||
| TOTAL ASSETS: | 2,587,827 | 2,259,879 | 1,873,057 | 1,642,411 | 1,541,667 | 1,381,846 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 8,000 | 5,000 | 87,334 | 40,308 | |||||
| Total current liabilities: | 8,000 | 5,000 | 87,334 | 40,308 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 9,053 | 11,018 | 12,738 | ||||||
| Liabilities, other than long-term debt | 28,226 | 35,161 | 18,210 | 807 | 9,341 | ||||
| Deferred income tax liabilities | 21,207 | 26,753 | 18,210 | 807 | 9,341 | ✕ | |||
| Operating lease, liability | 7,019 | 8,408 | 9,053 | 11,018 | 12,738 | ✕ | |||
| Total noncurrent liabilities: | 28,226 | 35,161 | 27,263 | 11,825 | 22,079 | ||||
| Other undisclosed liabilities | 2,139,827 | 1,849,194 | 1,489,966 | 1,238,691 | 1,144,812 | ||||
| Total liabilities: | 2,176,053 | 1,889,355 | 1,517,229 | 1,337,850 | 1,207,199 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 342,986 | 301,736 | 287,040 | 231,408 | 263,148 | ||||
| Common stock | 291 | 287 | 281 | 278 | 276 | ||||
| Treasury stock, value | (45,538) | (45,538) | (24,919) | (24,919) | (24,919) | ||||
| Additional paid in capital | 288,046 | 283,663 | 280,038 | 277,539 | 275,511 | ||||
| Accumulated other comprehensive income (loss) | (3,696) | (3,349) | 1,034 | 2,012 | 999 | ||||
| Retained earnings (accumulated deficit) | 103,883 | 66,673 | 30,606 | (23,502) | 11,281 | ||||
| Equity, attributable to noncontrolling interest | 68,788 | 68,788 | 68,788 | 73,153 | 71,320 | ||||
| Other undisclosed equity | 290,204 | ||||||||
| Total equity: | 411,774 | 370,524 | 355,828 | 304,561 | 334,468 | 290,204 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,587,827 | 2,259,879 | 1,873,057 | 1,642,411 | 1,541,667 | 290,204 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 261,141 | 200,522 | 157,990 | 132,562 | 103,313 | |||
| Net investment income | 244,829 | 195,074 | 157,990 | (6,022) | 132,562 | 98,367 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (37,810) | (30,059) | (4,622) | (69,817) | (47,386) | (59,008) | ||
| Gross profit: | 223,331 | 170,463 | 153,368 | (69,817) | 85,176 | 44,305 | ||
| Operating expenses | (5,886) | (13,054) | (5,311) | (17,926) | ||||
| Operating income (loss): | 217,445 | 157,409 | 148,057 | (69,817) | 85,176 | 26,379 | ||
| Nonoperating income (Investment Income, Nonoperating) | 5,178 | 2,779 | 17,379 | 25,325 | ||||
| Interest and debt expense | (62,946) | (36,185) | (26,514) | (30,900) | (28,367) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 159,677 | 124,003 | 138,922 | (69,817) | 54,276 | 23,337 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (73,641) | (56,153) | (57,051) | 32,836 | (51,939) | (34,059) | ||
| Income (loss) from continuing operations before income taxes: | 86,036 | 67,850 | 81,871 | (36,981) | 2,337 | (10,722) | ||
| Income tax expense (benefit) | (24,910) | (17,963) | (24,217) | 10,074 | (341) | 69 | ||
| Income (loss) from continuing operations: | 61,126 | 49,887 | 57,654 | (26,907) | 1,996 | (10,653) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 57,654 | (26,907) | 1,996 | (10,653) | |
| Other undisclosed net loss | (12,086) | |||||||
| Net income (loss): | 61,126 | 49,887 | 57,654 | (26,907) | 1,996 | (22,739) | ||
| Net loss attributable to noncontrolling interest | (6,047) | (6,047) | (3,546) | (2,307) | ||||
| Net income (loss) available to common stockholders, diluted: | 55,079 | 43,840 | 54,108 | (26,907) | 1,996 | (25,046) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 61,126 | 49,887 | 57,654 | (26,907) | 1,996 | (22,739) | ||
| Other comprehensive income (loss) | (347) | (4,383) | (978) | 1,013 | 1,081 | (82) | ||
| Comprehensive income (loss): | 60,779 | 45,504 | 56,676 | (25,894) | 3,077 | (22,821) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (6,047) | (6,047) | (3,546) | (7,876) | (3,758) | (2,307) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 54,732 | 39,457 | 53,130 | (33,770) | (681) | (25,128) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.