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Medallion Financial (MFIN) guidance and outlook

Medallion Financial's 10-Q filed Nov 5, 2026 makes 15 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 5, 2026

• To the extent that prevailing market interest rates remain at current levels, we expect our cost of funds to continue to increase as we issue new certificates of deposit to replace maturing certificates of deposit and fund our growth.
• We expect our borrowing costs to further increase as we take deposits and borrow other funds, including the private placement completed in April 2026, at the current prevailing rates.
• The allowance for credit losses is maintained at a level estimated by management to absorb expected future losses in the portfolios.
• The provision for credit losses was $30.8 million and $75.5 million for the three and nine months ended September 30, 2026 compared to $18.6 million and $62.1 million for the three and nine months ended September 30, 2025 as a result of growth in our consumer loan portfolios, loan losses, fluctuation in delinquencies, and adjustments to forecasts in our consumer loan portfolios along with lower recoveries on taxi…
• Increased origination volumes reflect strong consumer demand and increased marketing efforts, along with pricing changes intended to generate stronger credit, which we believe will perform better during all phases of the economic cycle.
• The higher origination volumes reflect strong consumer demand and increased price competitiveness to attract swimming pool loan volume as we seek to originate loans that we believe will perform better during all phases of the economic cycle.
• The amount of cash collected as well as recoveries recorded vary greatly from period to period due to a wide variety of circumstances surrounding each of the underlying assets, and while we continue to focus on collection and recovery efforts, it is unlikely that there will be future collections at levels experienced in prior years.
• We expect our cost of funds to further increase as we replace upcoming deposit maturities with new issues.
• In addition, in April 2026, we issued $75.0 million aggregate principal amount of our 8.25% senior notes due 2031, which has increased our interest costs in the current quarter and will increase costs in the future.
• Interest rate alone is not the only driver of changes in our net interest margin, and as our portfolio mix continues to shift, particularly with our higher credit home improvement loans becoming a larger portion of our overall loan portfolio, we expect further reductions in margin.
• We expect our operating expenses to further increase as we continue to build capacity as part of our growth strategy.
• We regularly seek additional sources of liquidity; however, given current market conditions, there can be no assurance that we will be able to secure additional liquidity on terms favorable to us or at all.

Medallion Financial's latest quarter

Questions

What does Medallion Financial expect?

To the extent that prevailing market interest rates remain at current levels, we expect our cost of funds to continue to increase as we issue new certificates of deposit to replace maturing certificates of deposit and fund our growth. We expect our borrowing costs to further increase as we take deposits and borrow other funds, including the private placement completed in April 2026, at the current prevailing rates. The allowance for credit losses is maintained at a level estimated by management to absorb expected future losses in the portfolios.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.