FILING ANALYSIS · THURSDAY, OCTOBER 29
MEDALLION FINANCIAL CORP MFIN — 8-K: Results of Operations and Financial Condition
neutral
Medallion Financial Corp reported a 41% increase in loan originations and a 15% increase in total loan portfolio, but net income decreased to $2.4 million due to large upfront day-one provisions for credit losses. The company also announced a new $40 million stock repurchase program and repurchased $5.6 million of its common stock during the quarter.
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