Medallion Financial: 3Q Earnings Snapshot
NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Wednesday reported third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 20 cents.
The business development company posted revenue of $43.5 million in the period. Its adjusted revenue was $34.3 million.
Medallion Financial shares have increased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.73, an increase of almost 6% in the last 12 months.