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Medallion Financial: 3Q Earnings Snapshot

October 30, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MFIN at https://www.zacks.com/ap/MFIN