MBNKO MEDALLION FINANCIAL CORP

Overview and Growth

MEDALLION FINANCIAL CORP recorded fiscal 2025 net income of $43.04M. Diluted earnings per share were $1.78, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 17.1% from $1.52 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Diluted shares averaged 24.25M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 2.7% from 23.61M in fiscal 2024, leaving the current share base higher year over year. At period end, total assets were $2.96B, framing the scale of the company’s operating and financing commitments.

Profitability

After all reported below-operating-line items, the company recorded net income of $43.04M for the fiscal year. Before income taxes, the company reported $79.89M of earnings, providing a bridge between the operating result and final net income. The reported income-tax provision was $24.54M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 30.7%, without assuming a statutory-rate comparison. Net income equaled 8.5% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 1.5% of period-end assets, placing the company’s bottom-line result against the total resource base employed. The company moved from fiscal 2024 net income of $35.88M to $43.04M, with the current outcome ending above that comparison.

Liquidity and Capital Structure

Total assets were $2.96B, supported by $2.45B of liabilities and $508.05M of shareholder equity. Reported cash and equivalents were $136.27M, separating immediately recognizable cash resources from the rest of the current-asset base. Borrowings totaled $311.24M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.61x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 10.5%, showing how much of the asset base was matched by borrowing. The equity-to-assets relationship was 17.2%, placing book capital against the total resource base. Relative to total assets, liabilities measured 82.8%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 4.6% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 3.0% higher than fiscal 2024 assets of $2.87B, measuring the company’s own balance-sheet change. Book equity was 15.7% higher than fiscal 2024 equity of $438.96M, showing how shareholder capital changed year over year. Cash and equivalents were 38.7% higher than fiscal 2024 cash of $98.24M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $126.28M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 2.93x, showing the relationship between accrual earnings and operating cash. The operating cash outcome moved from $108.68M in fiscal 2024 to $126.28M, ending above the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.