Medallion Financial (MFIN)
Finances recreation equipment and home projects through a specialty bank platform.
Something off on this page? Send us feedback.
Originates consumer loans for recreation equipment and home improvement, with smaller commercial lending and residual taxi-medallion collections. Medallion Bank supplies the core lending and deposit platform, making bank regulation, funding access, credit performance, and partner channels central to the business.
Operates a specialty finance model built around Medallion Bank, an FDIC-insured Utah industrial bank. Recreation lending finances RVs, boats, collector cars, and other equipment, while home improvement lending funds contractor- or service-provider-originated projects such as roof, window, siding, and pool work.
Commercial lending adds subordinated financing for U.S. lower middle market businesses, and strategic partnerships facilitate fintech-originated loans that are sold without recourse shortly after origination. Current activity is concentrated in the United States, with consumer lending forming most of the portfolio.
Execution depends on dealer, contractor, financial-service-provider, and fintech relationships, plus credit performance in fixed-rate consumer loans. The legacy taxi-medallion business is now a residual New York City-area collection exposure, and Medallion Bank remains regulated by the FDIC and Utah banking authorities.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 9, 2026 | Raymond James | Initiate | Rating: — | |
| Jun 12, 2026 | Piper Sandler | Target | Target: — | Target: $10.50 |
| Jul 31, 2025 | Ladenburg Thalmann | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $275.9M · Total debt $345.9M · Total assets $3.19B · Shareholders' equity $406.0M
- Revenue
- $88.9M
- Operating income
- $41.6M
- Net income
- $7.4M
HistoryDividendAnnual yield
| Institutions | 34.75% | 7.98M shares | |
|---|---|---|---|
| 100 holders · as of Jun 30, 2026 | |||
| Insiders | 31.03% | 7.12M shares | |
| 11 holders · as of Jun 26, 2026 | |||
| Other | 34.22% | 7.86M shares | |
| remainder | |||
22.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Andrew Murstein1Insiderdirector, officer: See Remarks | 12.20% | 2.80M | filed Apr 6, 2026 |
Alvin Murstein2Insiderdirector, officer: See Remarks | 8.34% | 1.87M | filed Mar 11, 2026 |
Amster HowardInsider | 6.09% | 1.40M | filed Dec 18, 2024 |
BlackRock, Inc.Institution | 5.31% | 1.22M | as of Jun 30, 2026 |
Tieton Capital Management, LLCInstitution | 4.39% | 1.01M | as of Jun 30, 2026 |
- Andrew Murstein's transaction reports restate only vehicles that traded; the 2026 ownership statement (2.80M) is used instead.
- Alvin Murstein's transaction reports restate only vehicles that traded; the 2025 ownership statement (1.87M) plus the 45.5K net shares acquired since is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Synchrony Financial
POS consumer finance across outdoor, home, and installment loans
- Truist Financial
Bank POS lending in home improvement and outdoor equipment
- Regions Financial
Contractor-focused home improvement lender through Regions Bank
- OneMain
Non-prime consumer installment lender with national reach
- Happen
Digital marketplace bank for consumer loan origination
- Main Street Capital
Lower-middle-market debt and equity capital provider
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Medallion Financial | $11.94 | −0.08% | $276.2M | 9.0 | 8.9 | 0.8 | +0.2% |
| Synchrony Financial | $73.39 | −2.15% | $24.40B | 7.7 | 7.7 | 1.3 | −21.1% |
| Truist Financial | $47.87 | −2.31% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| Regions Financial | $27.83 | −2.54% | $24.36B | 11.7 | 10.2 | 2.5 | +2.2% |
| OneMain | $59.44 | −1.65% | $6.98B | 9.1 | 7.5 | 1.1 | −15.5% |
| Happen | $16.02 | −1.11% | $1.87B | 9.8 | 8.2 | 1.4 | −20.7% |
| Main Street Capital | $56.14 | −0.25% | $5.23B | 11.3 | 14.8 | 7.5 | −26.1% |
| Median | 10.6 | 9.2 | 1.7 | −18.1% |