Medallion Financial Q3 Net Income Hits $7.8mln Amid Non-Recurring Charge Impact

Medallion Financial Corp. reported Q3 net income of $7.8mln, impacted by a non-recurring charge. The company is a specialty finance firm focused on consumer finance and commercial lending businesses, with subsidiaries including Medallion Bank, Medallion Capital, and Medallion Funding. The Bank is a federal deposit insurance corporation that originates consumer loans, raises deposits, and conducts other banking activities.