Medallion Financial Announces Quarterly Dividend, Payable on May 21, 2015
Apr 29 15
Medallion Financial announced an increase in its quarterly dividend to $0.25 per share, up a penny from the prior quarter. The dividend is payable on May 21, 2015 to shareholders of record as of May 14.
Medallion Financial Corp. Reports Earnings Results for the First Quarter of 2015
Apr 29 15
Medallion Financial Corp. reported earnings results for the first quarter of 2015. For the quarter, net income was $7.1 million, or $0.29 per share. against net income of $6.8 million, or $0.27 per share. Total revenue was $11.8 million, and increased 31% from the same quarter last year.
Medallion Financial Corp., Annual General Meeting, Jun 05, 2015
Apr 27 15
Medallion Financial Corp., Annual General Meeting, Jun 05, 2015., at 10:00 US Eastern Standard Time. Location: The Harmonie Club. Agenda: To elect three directors to serve until the 2018 annual meeting of shareholders; to ratify the selection of WeiserMazars LLP as independent registered public accounting firm for the year ending December 31, 2015; to vote on a non-binding advisory resolution to approve executive compensation; to approve the adoption of 2015 employee restricted stock plan; to approve the adoption of 2015 non-employee director stock option plan; and to transact such other business as may properly come before the meeting or any adjournment thereof.
Medallion Financial Corp. Announces Resignation of Brian S. O’Leary as Executive Vice President and Chief Operating Officer, Effective from March 31, 2015
Feb 25 15
Brian S. O’Leary tendered his resignation as Executive Vice President and Chief Operating Officer of Medallion Financial Corp., effective on or prior to March 31, 2015. Mr. O’Leary’s credit responsibilities will be assumed on an interim basis by Marc Adelson, President of the Company’s Medallion Business Credit division, and Mr. O’Leary’s operating responsibilities will be allocated on an interim basis between Mr. Adelson and Andrew M. Murstein, President of the company.
Medallion Financial Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Distribution for the Fourth Quarter Ended December 31, 2014, Payable on March 24, 2015
Feb 17 15
Medallion Financial Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported earnings, or net increase in net assets resulting from operations was $8,128,000 or $0.33 per diluted common share in the 2014 fourth quarter, up $1,470,000 or 22% from $6,658,000 or $0.29 per share in the 2013 fourth quarter. Net income was $7,606,000 in the 2014 fourth quarter, compared to $4,413,000 in the 2013 period, an increase of $3,193,000 or 72%.
For the year, the company’s total investment income was $41,068,000 against $34,929,000 a year ago. Net interest income was $32,525,000 against $26,568,000 a year ago. Net investment income before income taxes was $15,145,000 against $12,189,000 a year ago. Net investment income after income taxes was $15,145,000 or $0.60 per diluted share against $12,189,000 or $0.55 per diluted share a year ago. Net increase in net assets resulting from operations was a record $28,692,000 or $1.14 per diluted share compared to $25,776,000 or $1.16 per diluted share in 2013. The Company’s book value per share, or net asset value, increased 2% from $10.95 a year ago to $11.16 at December 31, 2014.
The company announced a distribution of $0.24 per share for the 2014 fourth quarter, up from $0.23 per share a year ago. The current distribution will be paid on March 24, 2015 to shareholders of record on March 17, 2015.