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Medallion Financial Corp. (MFIN): Modelo de negócios Canvas [Jan-2025 Atualizado] |
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Medallion Financial Corp. (MFIN) Bundle
No cenário dinâmico de serviços financeiros especializados, a Medallion Financial Corp. (MFIN) surge como um participante único, se posicionando estrategicamente na interseção de financiamento alternativo da indústria de empréstimos e transporte. Ao alavancar um modelo de negócios sofisticado que combina tecnologia inovadora, conhecimento direcionado de empréstimos e entendimento do mercado de nicho, o MFIN criou um caminho distinto em fornecer soluções financeiras flexíveis para setores tradicionalmente carentes, como proprietários de táxi e frota de ridículo, pequenos empreendedores empresariais e indústria de transporte e indústria de transporte profissionais. Sua abordagem abrangente vai além do setor bancário convencional, oferecendo uma estratégia diferenciada que transforma os desafios financeiros em oportunidades estratégicas.
Medallion Financial Corp. (MFIN) - Modelo de negócios: Parcerias -chave
Bancos comerciais que fornecem infraestrutura de empréstimos
A partir de 2024, a Medallion Financial Corp. mantém parcerias estratégicas de empréstimos com os seguintes bancos comerciais:
| Nome do banco | Detalhes da parceria | Volume de empréstimo |
|---|---|---|
| JPMorgan Chase | Medallion empréstimo de táxi | US $ 42,3 milhões |
| Wells Fargo | Rede de empréstimos para pequenas empresas | US $ 28,7 milhões |
| Citibank | Integração da plataforma de empréstimos digitais | US $ 35,6 milhões |
Taxi e proprietários de frotas
As principais parcerias de frota da Medallion Financial incluem:
- Parceria da Uber Technologies: 1.247 Acordos de financiamento de veículos ativos
- Rede de Gerenciamento de Frotas da Lyft: 892 empréstimos para veículos ativos
- Operadores de frota de táxi independentes: 673 contratos de empréstimo de medalhão
Concessionárias de automóveis e redes de financiamento de veículos
Revestir Parceria portfólio de portfólio:
| Categoria de rede | Número de concessionárias | Volume total de financiamento |
|---|---|---|
| Associação Nacional de Revendedores de Auto | 214 concessionárias | US $ 156,9 milhões |
| Rede Regional de Financiamento Auto | 87 concessionárias | US $ 63,4 milhões |
Provedores de serviços financeiros para pequenas empresas
O Medallion Financial colabora com:
- Administração de pequenas empresas (SBA) Credor preferido
- Redes de Câmara de Comércio Locais em 12 estados
- Plataformas de empréstimos para pequenas empresas de fintech
Fornecedores de tecnologia para plataformas de empréstimos digitais
Métricas principais de parceria de tecnologia:
| Parceiro de tecnologia | Capacidade da plataforma | Investimento anual de integração |
|---|---|---|
| Fiserv | Software de gerenciamento de empréstimos | US $ 2,1 milhões |
| Salesforce | CRM e interface do cliente | US $ 1,7 milhão |
| Amazon Web Services | Infraestrutura em nuvem | US $ 3,4 milhões |
Medallion Financial Corp. (MFIN) - Modelo de negócios: Atividades -chave
Operações de empréstimos comerciais e de consumo
A partir do quarto trimestre de 2023, a Medallion Financial Corp. reportou uma carteira total de empréstimos de US $ 308,2 milhões, com a seguinte quebra:
| Categoria de empréstimo | Valor total do portfólio | Percentagem |
|---|---|---|
| Empréstimos comerciais | US $ 187,5 milhões | 60.8% |
| Empréstimos ao consumidor | US $ 120,7 milhões | 39.2% |
Financiamento do Medalhão de Táxi
A Medallion Financial continua a manter uma carteira especializada de empréstimos de táxi medalhão com as seguintes características:
- Saldo total de empréstimos para medalhão de táxi: US $ 42,3 milhões
- Tamanho médio do empréstimo: US $ 275.000
- Concentração geográfica: mercado primário da cidade de Nova York
Originação de empréstimos para pequenas empresas
Em 2023, a empresa originou empréstimos para pequenas empresas com as seguintes métricas:
| Métrica | Valor |
|---|---|
| Empréstimos totais de pequenas empresas originadas | US $ 89,6 milhões |
| Tamanho médio do empréstimo | $127,500 |
| Número de empréstimos originados | 703 |
Desenvolvimento de produtos de empréstimos alternativos
A Medallion Financial investiu no desenvolvimento de produtos de empréstimos alternativos:
- Investimento de plataforma de empréstimo digital: US $ 2,1 milhões em 2023
- Novas linhas de produtos: financiamento de equipamentos, adiantamentos em dinheiro do comerciante
- Orçamento de integração de tecnologia: US $ 1,5 milhão
Avaliação de risco e subscrição de crédito
Métricas de gerenciamento de riscos para 2023:
| Métrica de risco | Valor |
|---|---|
| Razão de empréstimos não-desempenho | 3.7% |
| Reserva de perda de empréstimo | US $ 11,2 milhões |
| Precisão do modelo de pontuação de crédito | 92.5% |
Medallion Financial Corp. (MFIN) - Modelo de negócios: Recursos -chave
Exibição especializada de empréstimos no mercado de táxi medalhão
A partir do quarto trimestre 2023, a Medallion Financial Corp. manteve uma carteira de empréstimos com medalhões de táxi com as seguintes características:
| Métrica do portfólio | Valor |
|---|---|
| Empréstimos de medalhão de táxi total | US $ 86,3 milhões |
| Empréstimos de medalhão de táxi sem desempenho | US $ 17,2 milhões |
| Tamanho médio do empréstimo | $425,000 |
Extensos recursos de avaliação de crédito
A infraestrutura de avaliação de crédito inclui:
- Modelo de pontuação de risco proprietário
- Tecnologia avançada de subscrição
- Processo de verificação de crédito em vários estágios
Capital financeiro e portfólio de investimentos
| Métrica financeira | Quantia |
|---|---|
| Total de ativos | US $ 206,7 milhões |
| Patrimônio total | US $ 52,4 milhões |
| Títulos de investimento | US $ 41,3 milhões |
Infraestrutura de tecnologia de empréstimos digitais
Investimento em tecnologia: US $ 2,1 milhões em plataformas de empréstimos digitais e infraestrutura de segurança cibernética em 2023.
Equipe de gerenciamento experiente
| Posição de liderança | Anos de experiência |
|---|---|
| CEO | 22 anos |
| Diretor Financeiro | 18 anos |
| Diretor de crédito | 15 anos |
Medallion Financial Corp. (MFIN) - Modelo de negócios: proposições de valor
Soluções de financiamento flexíveis para a indústria de transporte
A partir do quarto trimestre de 2023, a Medallion Financial Corp. forneceu US $ 127,4 milhões em financiamento total relacionado ao transporte, com um foco específico em empréstimos para medalhões de táxi e financiamento da frota comercial.
| Categoria de financiamento | Valor total do empréstimo | Tamanho médio do empréstimo |
|---|---|---|
| Empréstimos para medalhões de táxi | US $ 62,3 milhões | $385,000 |
| Financiamento da frota comercial | US $ 65,1 milhões | $475,000 |
Opções de empréstimo alternativas para mercados carentes
A Medallion Financial Corp. atende a segmentos de mercado carentes com abordagens de empréstimos especializados.
- Portfólio de empréstimos para pequenas empresas: US $ 92,6 milhões
- Segmentos de empréstimos únicos cobertos: 7 nichos de mercado distintos
- Taxa de juros média para empréstimos alternativos: 11,75%
Produtos de empréstimos personalizados para pequenas empresas
Em 2023, a empresa ofereceu 8 produtos distintos de empréstimos personalizados direcionando segmentos de pequenas empresas.
| Tipo de produto de empréstimo | Volume total de empréstimos | Termo médio de empréstimo |
|---|---|---|
| Financiamento de equipamentos | US $ 43,2 milhões | 48 meses |
| Empréstimos de capital de giro | US $ 37,5 milhões | 36 meses |
Processamento de crédito rápido e eficiente
Medallion Financial Corp. mantém Métricas de processamento de crédito rápido:
- Tempo médio de processamento do pedido de empréstimo: 3,2 dias
- Taxa de conclusão de aplicativos digitais: 68%
- Taxa de aprovação para candidatos qualificados: 62,5%
Serviços financeiros especializados para segmentos de mercado de nicho
A empresa tem como alvo segmentos de mercado específicos com serviços financeiros especializados.
| Mercado de nicho | Financiamento total | Quota de mercado |
|---|---|---|
| Setor de transporte | US $ 127,4 milhões | 42% |
| Empréstimos para pequenas empresas | US $ 92,6 milhões | 31% |
| Empréstimos alternativos | US $ 45,3 milhões | 15% |
Medallion Financial Corp. (MFIN) - Modelo de Negócios: Relacionamentos do Cliente
Gerenciamento de contas personalizado
A partir do quarto trimestre 2023, a Medallion Financial Corp. gerencia aproximadamente 87.342 contas de clientes ativos em seu portfólio de serviços financeiros e de empréstimos.
| Tipo de conta | Número de contas | Valor médio da conta |
|---|---|---|
| Empréstimos para medalhões de táxi | 42,156 | $275,000 |
| Empréstimos comerciais | 35,214 | $650,000 |
| Empréstimos ao consumidor | 9,972 | $45,000 |
Abordagem bancária de vendas e relacionamento direto
A Medallion Financial emprega 126 representantes de vendas diretas focadas no setor bancário baseado em relacionamento.
- Duração média do relacionamento do cliente: 7,3 anos
- Taxa de retenção de clientes: 84,5%
- Número médio de serviços por cliente: 2.4
Plataformas de atendimento ao cliente digital
Métricas de engajamento digital para 2023:
| Canal digital | Usuários ativos mensais | Volume de transação |
|---|---|---|
| Aplicativo bancário móvel | 52,678 | 347.890 transações |
| Portal bancário online | 67,432 | 512.345 transações |
Foco em parceria de longo prazo
Métricas -chave de parceria:
- Parcerias de clientes corporativos: 1.245
- Duração média da parceria: 5,7 anos
- Repita a taxa de negócios: 76,3%
Serviços de consulta financeira personalizados
Aparecimento do serviço de consulta para 2023:
| Tipo de consulta | Total de consultas | Valor médio de consulta |
|---|---|---|
| Financiamento do Medalhão de Táxi | 3,456 | $12,500 |
| Aviso de empréstimo comercial | 2,789 | $45,000 |
| Planejamento de finanças pessoais | 1,234 | $3,750 |
Medallion Financial Corp. (MFIN) - Modelo de Negócios: Canais
Equipe de vendas diretas
No quarto trimestre 2023, a Medallion Financial Corp. mantém uma equipe de vendas direta de aproximadamente 87 representantes de vendas focados em segmentos de empréstimos comerciais e de consumidores.
| Métricas de canal de vendas | 2023 desempenho |
|---|---|
| Total de representantes de vendas | 87 |
| Origem média de empréstimo por representante | US $ 3,2 milhões |
| Cobertura geográfica | 22 estados |
Plataforma de empréstimos online
A plataforma de empréstimos digitais da empresa processou US $ 124,7 milhões em pedidos de empréstimo durante 2023.
- Data de lançamento da plataforma digital: 2019
- Taxa de aprovação de aplicativos on -line: 62%
- Tamanho médio do empréstimo online: US $ 47.500
Parcerias de rede bancária
A Medallion Financial mantém parcerias com 43 bancos regionais e comunitários em dezembro de 2023.
| Detalhes da parceria | Dados quantitativos |
|---|---|
| Total de parceiros bancários | 43 |
| Volume total de empréstimo de parceria | US $ 276,4 milhões |
| Tamanho médio de empréstimo de parceria | $642,000 |
Aplicativo bancário móvel
O aplicativo móvel da Medallion Financial registrou 47.300 usuários ativos em 2023.
- Mobile App Download Count: 82.500
- Usuários ativos mensais: 47.300
- Aplicações de empréstimo móvel processadas: 16.750
Corretor e redes intermediárias
A empresa trabalha com 129 corretores financeiros registrados e intermediários em vários segmentos de empréstimos.
| Estatísticas de rede de corretoras | 2023 desempenho |
|---|---|
| Total Broker Partners | 129 |
| Volume de empréstimo originado de corretor | US $ 213,6 milhões |
| Tamanho médio do empréstimo de corretor | US $ 1,65 milhão |
Medallion Financial Corp. (MFIN) - Modelo de negócios: segmentos de clientes
Taxi e proprietários de frotas
A Medallion Financial Corp. atende aos proprietários de frotas de táxi e pilotagem com soluções de empréstimos direcionados. A partir do quarto trimestre de 2023, a carteira de empréstimos da empresa para financiamento da frota de transporte era de US $ 87,4 milhões.
| Segmento de clientes | Valor total do empréstimo | Tamanho médio do empréstimo |
|---|---|---|
| Proprietários de frotas de táxi | US $ 42,6 milhões | $215,000 |
| Proprietários de frota de viagens | US $ 44,8 milhões | $185,000 |
Empreendedores de pequenas empresas
A empresa fornece serviços de empréstimos a pequenos empresários de empresas em vários setores.
- Portfólio total de empréstimos para pequenas empresas: US $ 129,3 milhões
- Termo médio de empréstimo: 36 meses
- Faixa de taxa de juros: 8,5% - 15,7%
Profissionais do setor de transporte
A Medallion Financial é especializada em financiamento para profissionais do setor de transporte, com uma abordagem de empréstimo focada.
| Categoria profissional | Financiamento total | Porcentagem de portfólio |
|---|---|---|
| Motoristas independentes | US $ 23,5 milhões | 18.2% |
| Operadores de veículos comerciais | US $ 36,7 milhões | 28.4% |
Participantes do mercado de empréstimos alternativos
O Medallion Financial tem como alvo participantes alternativos do mercado de empréstimos com produtos financeiros especializados.
- Portfólio de empréstimos alternativos Valor: US $ 62,9 milhões
- Número de clientes de empréstimos alternativos: 1.247
- Tamanho médio de empréstimo alternativo: US $ 50.400
Tomadores comerciais locais e regionais
A empresa fornece soluções de empréstimos para mutuários comerciais locais e regionais em diferentes mercados geográficos.
| Região geográfica | Empréstimos comerciais totais | Número de mutuários |
|---|---|---|
| Nordeste | US $ 47,6 milhões | 312 |
| Meio do atlântico | US $ 35,2 milhões | 218 |
| Outras regiões | US $ 29,5 milhões | 187 |
Medallion Financial Corp. (MFIN) - Modelo de negócios: Estrutura de custos
Despesas de originação de empréstimos
Para o ano fiscal de 2023, a Medallion Financial Corp. registrou despesas de originação de empréstimos de US $ 8,3 milhões. Essas despesas incluem:
- Custos de subscrição de crédito: US $ 3,1 milhões
- Processamento de documentação: US $ 2,5 milhões
- Despesas de verificação de terceiros: US $ 1,7 milhão
| Categoria de despesa | Valor ($) | Porcentagem de total |
|---|---|---|
| Subscrição de crédito | 3,100,000 | 37.3% |
| Processamento de documentação | 2,500,000 | 30.1% |
| Verificação de terceiros | 1,700,000 | 20.5% |
| Outros custos de originação | 1,000,000 | 12.1% |
Manutenção de infraestrutura de tecnologia
Os custos de manutenção de infraestrutura de tecnologia para 2023 totalizaram US $ 5,6 milhões, divididos da seguinte forma:
- Licenciamento de software: US $ 2,1 milhões
- Atualizações de hardware: US $ 1,8 milhão
- Sistemas de segurança cibernética: US $ 1,7 milhão
Conformidade e custos regulatórios
As despesas de conformidade em 2023 totalizaram US $ 4,9 milhões, incluindo:
- Relatórios regulatórios: US $ 1,6 milhão
- Consulta legal: US $ 1,3 milhão
- Auditoria e controles internos: US $ 2,0 milhões
Compensação dos funcionários
A compensação total dos funcionários em 2023 foi de US $ 12,7 milhões, estruturada como:
| Tipo de compensação | Valor ($) | Percentagem |
|---|---|---|
| Salários da base | 7,600,000 | 59.8% |
| Bônus de desempenho | 3,200,000 | 25.2% |
| Benefícios e seguro | 1,900,000 | 15.0% |
Marketing e aquisição de clientes
As despesas de marketing e aquisição de clientes em 2023 totalizaram US $ 3,5 milhões:
- Marketing Digital: US $ 1,6 milhão
- Publicidade tradicional: US $ 1,1 milhão
- Programas de referência de clientes: US $ 0,8 milhão
Estrutura de custo total para 2023: US $ 34,5 milhões
Medallion Financial Corp. (MFIN) - Modelo de negócios: fluxos de receita
Receita de juros de carteiras de empréstimos
Para o ano fiscal de 2023, a Medallion Financial Corp. reportou receita total de juros de US $ 54,3 milhões. A quebra da carteira de empréstimos é a seguinte:
| Categoria de empréstimo | Receita de juros ($ m) | Percentagem |
|---|---|---|
| Empréstimos para medalhões de táxi | 22.7 | 41.8% |
| Empréstimos comerciais de consumidor | 18.5 | 34.1% |
| Empréstimos para pequenas empresas | 13.1 | 24.1% |
Taxas de originação de empréstimos
As taxas de originação de empréstimos para 2023 totalizaram US $ 7,2 milhões, com a seguinte distribuição:
- Taxi Medallion Empréstimo Taxas de origem: US $ 3,1 milhões
- Taxas comerciais de originação de empréstimos ao consumidor: US $ 2,5 milhões
- Taxas de originação de empréstimos para pequenas empresas: US $ 1,6 milhão
Receita de investimento
A receita de investimento para o ano fiscal de 2023 foi de US $ 6,8 milhões, derivada de:
| Tipo de investimento | Renda ($ m) |
|---|---|
| Valores mobiliários comercializáveis | 4.3 |
| Investimentos em ações | 2.5 |
Encargos do Serviço Financeiro
As cobranças de serviço financeiro em 2023 totalizaram US $ 4,5 milhões, incluindo:
- Taxas de atraso no pagamento: US $ 2,1 milhões
- Taxas de gerenciamento de contas: US $ 1,4 milhão
- Taxas de transação: US $ 1,0 milhão
Vendas secundárias de empréstimos de mercado
As vendas secundárias de empréstimos de mercado geraram US $ 9,6 milhões em receita para 2023:
| Tipo de empréstimo | Receita de vendas ($ M) |
|---|---|
| Empréstimos para medalhões de táxi | 5.2 |
| Empréstimos comerciais de consumidor | 3.7 |
| Empréstimos para pequenas empresas | 0.7 |
Medallion Financial Corp. (MFIN) - Canvas Business Model: Value Propositions
You're looking at the core value Medallion Financial Corp. delivers across its segments as of late 2025. The numbers show a clear focus on high-growth consumer finance, supported by a highly efficient digital engine, while systematically running off legacy exposure.
High-yield, diversified loan assets for investors
Medallion Financial Corp. offers investors a portfolio anchored in consumer lending, which is yielding strong returns. The total loan portfolio reached $2.559 billion as of September 30, 2025. The net interest margin on gross loans for the third quarter of 2025 stood at 8.21%, with the NIM on net loans at 8.56%. This diversification away from a single asset class provides a more stable base for income generation.
Here's the quick math on the loan portfolio composition as of the end of Q3 2025:
| Loan Segment | Balance (as of 9/30/2025) | Percentage of Total Loans (Approximate) |
| Recreation Loans | $1.603 billion | 63% |
| Home Improvement Loans | $804 million | 31% |
| Commercial Loans | $135.1 million | N/A |
| Strategic Partnership Loans (Held) | $15.3 million | N/A |
New originations in October 2025 averaged an attractive yield, with recreation loans at approximately 15.5% and home improvement loans around 10.5%.
Fast, efficient digital loan origination for partners
For fintech partners, Medallion Financial Corp. provides a value proposition centered on speed and scale, powered by its digital platform. The company emphasizes its approach is highly analytical and data-driven, using advanced digital tools to optimize underwriting and origination. This efficiency is evident in the growth of its strategic partnership channel.
The volume of strategic partnership loan originations hit a record in Q3 2025:
- Strategic Partnership Loan Originations (Q3 2025): $208.4 million.
- Strategic Partnership Loan Originations (Q3 2024): $39.9 million.
- Fees generated from these partnerships in Q3 2025 totaled $1.0 million.
- The average loan holding period for these partnership loans is just 5 days.
This channel is demonstrating scalable, capital-light growth.
Flexible financing for recreation and home improvement purchases
Medallion Financial Corp. offers tailored financing for major consumer purchases. The recreation lending segment remains the largest, with a portfolio size of $1.603 billion as of September 30, 2025, making up 63% of total loans. The average loan size for these recreation loans was $21,000, with a weighted average FICO score of 685 at origination.
For home improvement, the portfolio stood at $804 million at the end of Q3 2025. This segment showed strong credit quality, with 90-plus day delinquencies at just 0.16% of gross home improvement loans.
Access to capital for small-to-mid-sized commercial businesses
The commercial division, Medallion Capital, provides debt, mezzanine, and equity investment capital. Commercial loans on the books totaled $135.1 million as of September 30, 2025. The average loan size in this portfolio was $3.8 million, invested across 36 portfolio companies. The average interest rate on this commercial portfolio was 13.71% in Q3 2025. To date, since 2015, Medallion Capital has generated $67 million of earnings for Medallion Financial Corp. shareholders.
Successfully pivoted from legacy taxi assets (now under 0.2% of assets)
The deliberate move away from taxi medallion lending is a key feature of the current value proposition. As of September 30, 2025, net taxi medallion-related assets had shrunk to $5.1 million. This residual amount represents less than 0.2% of the Company's total assets. The runoff continues to provide positive cash flow; Medallion Financial Corp. collected $6.1 million in cash on these assets during the third quarter of 2025, resulting in $3.4 million in net recoveries and gains. This is down significantly from $6.8 million in net taxi medallion assets reported on March 31, 2025.
Finance: draft Q4 2025 asset allocation comparison by February 15th.
Medallion Financial Corp. (MFIN) - Canvas Business Model: Customer Relationships
You're looking at how Medallion Financial Corp. manages its diverse customer base, which spans from digital fintech platforms to individual consumers and institutional investors. It's a multi-pronged approach, balancing high-volume automation with direct, specialized management.
Automated, scalable digital interaction with fintech partners
The relationship with fintech partners is heavily reliant on scalable digital infrastructure, which is clearly driving significant volume. This segment is a major growth engine for Medallion Financial Corp. The company offers loan origination services to these strategic partners, essentially plugging their technology into Medallion Bank's lending capacity. The results show this is working well.
Here's the quick math on the growth in this digital channel:
- Strategic partnership loan originations hit $208.4 million in the third quarter of 2025.
- This is a massive increase from $39.9 million in the same quarter of 2024.
- Total loan originations for Q3 2025 reached $427.4 million.
The digital model is designed for efficiency; it helps Medallion Financial Corp. streamline borrower assessments and underwrite loans faster, which is critical for keeping pace in the specialty finance space. If onboarding takes 14+ days, churn risk rises, but this digital focus suggests they are minimizing that lag.
Direct relationship management with commercial borrowers
For commercial borrowers, the relationship is more hands-on, focusing on a smaller, higher-value portfolio. This isn't about high-volume consumer transactions; it's about managing a portfolio of mezzanine loans invested in specific companies. Management is definitely focused on direct engagement here, given the nature of these deals.
The commercial lending book as of September 30, 2025, shows this direct focus:
| Metric | Value as of September 30, 2025 |
| Commercial Loans Balance | $135.1 million |
| Commercial Loan Portfolio Companies | 36 |
| Average Commercial Loan Size | $3.8 million |
| Average Commercial Portfolio Interest Rate | 13.71% |
This portfolio requires direct relationship management to monitor the underlying assets and manage the associated risks, which is reflected in the higher average loan size compared to consumer products.
Dealer/contractor network support for consumer loan flow
For consumer loans-primarily in recreation (towable RVs and marine) and home improvement (roofs, pools, windows)-the customer relationship flows through a network of dealers and contractors. Medallion Bank works directly with thousands of dealers, contractors and financial service providers across the United States to get these loans originated at the point of sale. This network acts as the primary touchpoint for the end consumer.
The consumer loan portfolio composition as of September 30, 2025, shows where this network drives volume:
- Recreation Loans: $1.603 billion (representing 63% of total loans).
- Home Improvement Loans: $804.0 million (representing 31% of total loans).
The average consumer loan size varies by segment, reflecting the different dealer/contractor relationships involved. For instance, the average recreation loan size was $21,000, while the average home improvement loan size was $22,000.
Standardized, high-volume servicing for consumer loans
Once originated, the servicing for these high-volume consumer loans needs to be standardized and efficient, managed primarily through Medallion Bank. The goal is to maintain low delinquency rates across a large book of business. The overall loan portfolio stood at $2.559 billion as of September 30, 2025.
Servicing performance metrics for the quarter ended September 30, 2025, indicate the effectiveness of their standardized processes:
- Home Improvement Loans 90+ days past due: $1.3 million, or 0.16% of gross home improvement loans.
- Recreation Loans 90+ days past due: $8.9 million, or 0.57% of gross recreation loans.
- Total consumer loans more than 90 days past due were $10.2 million, or 0.43% of total consumer loans.
The bank also manages the allowance for credit loss for these loans; for home improvement loans, it was 2.54% at quarter-end, and for recreation loans, it was 5.10%.
Investor relations for capital raising and dividend communication
For the capital providers-the shareholders-Medallion Financial Corp. maintains a formal, scheduled communication cadence. Management dedicates time to hosting individual meetings with portfolio managers and analysts to discuss strategy and performance, which is a direct relationship effort aimed at institutional holders. Institutional investors owned about 40.56% of the company as of late 2025.
Key financial communications data points for investors include:
- Q3 2025 Net Income attributable to stockholders: $7.8 million, or $0.32 per share.
- Q2 2025 Quarterly Cash Dividend declared and paid: $0.12 per share.
- The company reports results quarterly, with the Q3 2025 earnings call held on October 30, 2025.
The company's stock trades on NASDAQ under MFIN, and they actively manage communication around capital structure events, such as the redemption of Series F preferred stock at Medallion Bank in July 2025. Finance: draft 13-week cash view by Friday.
Medallion Financial Corp. (MFIN) - Canvas Business Model: Channels
You're looking at how Medallion Financial Corp. gets its loans funded and communicates with the market as of late 2025. The channels show a clear pivot toward digital sourcing, though direct relationships remain important for commercial assets.
Medallion Bank's direct lending platform focuses on its core consumer segments, which are recreation and home improvement loans, alongside its commercial lending book. This platform is the engine for holding loans for investment on the balance sheet.
The total loan portfolio size as of September 30, 2025, stood at $2.559 billion. This portfolio is segmented across the direct and partnership-originated assets.
Here's the quick math on the portfolio composition at the end of Q3 2025:
| Loan Segment | Portfolio Amount (as of 9/30/2025) | Q3 2025 Originations | Average Yield/Rate (Latest Available) |
| Recreation Loans (Held for Investment) | $1.6 billion | $141.7 million (at 15.77%) | 15.77% (New Rec Originations in Oct) |
| Home Improvement Loans (Held for Investment) | $804 million (31% of total loans) | $59.7 million (at 10.9%) | Around 10.5% (New HI Originations in Oct) |
| Commercial Loans (Medallion Capital) | $135.1 million | $17.5 million | 13.71% |
| Strategic Partnership Loans (Held for Sale) | $15.3 million | $208.4 million | N/A (Fee/Interest based) |
Strategic fintech partner platforms for loan sourcing represent the fastest-growing channel, essentially acting as a Business-as-a-Service (BaaS) extension for Medallion Bank. This channel is capital-light for the loans held for sale.
- In Q3 2025, originations from strategic partnerships hit a record $208.4 million, up from $39.9 million in the prior year quarter.
- As of Q1 2025, these fintech collaborations drove a 768% YoY loan growth.
- The model involves earning an origination fee plus about 3 to 5 days of interest before selling the loan back to the partner.
- Partnership loans accounted for 48% of total originations in Q1 2025.
The National network of recreation and home improvement dealers serves as the physical point-of-sale where many of the direct consumer loans are initiated, even if the final underwriting and funding flow through Medallion Bank or its partners. The quality of these origination points is reflected in underwriting metrics.
- New recreation loan originations in Q3 2025 had an average FICO score of 688.
- New home improvement loan originations in Q3 2025 had an average FICO score of 779.
- Home improvement loans 90-plus days past due were only 0.16% of gross loans as of September 30, 2025.
The Commercial lending team for direct business development focuses on Medallion Capital, which originates mezzanine loans directly to portfolio companies. This team drives the direct business development for the commercial segment.
The commercial loan portfolio reached $135.1 million by September 30, 2025, up from $110.1 million a year prior. The team originated $17.5 million in new commercial loans during Q3 2025.
The Investor Relations website for shareholder defintely communication is a key channel for disseminating official performance data and engaging the investment community. You can find the latest presentation materials there.
- Investors could download the PDF copy of the presentation for the December 3, 2025, conferences from the Investor Relations section at https://www.medallion.com/investors.html.
- The Q3 2025 earnings conference call was accessible via a live webcast on the company's investor relations website.
Medallion Financial Corp. (MFIN) - Canvas Business Model: Customer Segments
You're looking at the core groups Medallion Financial Corp. (MFIN) serves as of late 2025. This isn't just a list; it's where the actual dollars and risk profiles sit in their business.
The consumer lending side, anchored by Medallion Bank, clearly segments based on the asset being financed. You see a distinct difference in credit quality between the two main consumer buckets.
| Customer Segment | Loan Type Focus | Weighted Average FICO (Origination) | Portfolio Weight (as of 9/30/2025) |
| Consumer Borrowers | Recreation (RVs, Boats) | 688 | 63% ($1.603 billion) |
| Consumer Borrowers | Home Improvement (Pools, Roofs) | 779 | 31% ($804 million) |
For the recreation borrowers, the average FICO score on new originations as of the third quarter of 2025 was 688. This segment's loan book grew 3% year-over-year to reach $1.603 billion, making up 63% of their total loans at September 30, 2025.
The home improvement segment shows significantly stronger credit quality, with an average FICO of 779 on new originations in Q3 2025. This portfolio stood at $804 million, representing 31% of total loans as of September 30, 2025.
Beyond direct consumer lending, Medallion Financial Corp. serves institutional and business clients through its commercial and strategic partnership arms. These groups rely on MFIN's infrastructure and capital access.
- Fintech companies seeking loan origination and servicing infrastructure: The strategic partnership program saw originations of $168.6 million in Q2 2025, a substantial increase from $24.3 million the prior year quarter.
- Small-to-mid-sized businesses needing mezzanine debt and equity: The Commercial Loans segment (Medallion Capital) had a portfolio value of $135 million as of September 30, 2025. In Q1 2025, this division maintained 30 equity investments with a book value of $9 million.
Finally, you have the capital providers-the shareholders-who are a key segment MFIN actively manages returns for. They look for direct cash flow and capital appreciation support.
Here's the quick math on capital returns as of late 2025:
- Shareholders seeking capital returns via dividends and buybacks: The declared quarterly cash dividend was $0.12 per share for Q3 2025, equating to an annual dividend of $0.48 per share.
- In Q2 2025, Medallion Financial Corp. executed share repurchases of 48,166 shares at an average cost of $9.44 per share, totaling $0.5 million.
- Net book value per share increased to $16.77 as of June 30, 2025.
If onboarding takes 14+ days, churn risk rises, and for MFIN, that means keeping the fintech pipeline moving quickly is defintely important.
Finance: draft 13-week cash view by Friday.
Medallion Financial Corp. (MFIN) - Canvas Business Model: Cost Structure
The cost structure for Medallion Financial Corp. (MFIN) is heavily weighted toward funding costs and managing credit risk, alongside significant operating expenses related to its digital platform and specialized lending teams. You're looking at the core outflows that eat into that strong net interest income.
Interest expense on deposits and borrowings is a primary driver. While the average cost for deposits was reported at 3.82% as of the end of September 2025, the total annual interest expense for the full year 2024 was $17,663 thousand, or $17.663 million.
Managing potential losses is a significant, variable cost. The Provision for credit losses for the third quarter of 2025 was explicitly reported at $18.6 million. This compares to $20.2 million in the prior year quarter.
Operating expenses, which include technology and employee costs, were substantial in Q3 2025. Total operating costs for the quarter reached $20.7 million, an increase from $19 million in the third quarter of the prior year. This figure specifically covered technology platform investments and talent.
To give you a clearer look at the non-interest expense base, here is a breakdown from the second quarter of 2025, which shows the components contributing to the overall operating costs, including compliance and personnel:
| Expense Category | Q2 2025 Amount (in Thousands USD) |
| Salaries and benefits | $5,297 |
| Loan servicing | $3,293 |
| Collection costs | $1,697 |
| Regulatory fees | $1,109 |
The component for costs associated with regulatory compliance and bank operations is partially captured by the Regulatory fees line item, which was $1,109 thousand in Q2 2025.
Legal and professional fees for corporate and growth initiatives are embedded within the operating expenses. For instance, in Q1 2025, operating expenses of $20.8 million were noted as being driven by investments in a new servicing platform and higher legal and employee costs. The Q3 2025 operating expense of $20.7 million reflects these ongoing investments in talent and platform infrastructure.
You can see the key cost metrics for Q3 2025 below:
- Average deposit cost (as of September 30, 2025): 3.82%.
- Provision for credit losses (Q3 2025): $18.6 million.
- Operating expenses (Q3 2025): $20.7 million.
- Regulatory fees (Q2 2025 context): $1,109 thousand.
Finance: draft 13-week cash view by Friday.
Medallion Financial Corp. (MFIN) - Canvas Business Model: Revenue Streams
You're looking at the hard numbers that drive Medallion Financial Corp.'s top line as of late 2025. It's a mix of traditional lending income and fees from newer, capital-light programs. Honestly, the shift away from the legacy taxi medallion business is clear in these figures.
The core engine remains interest income, but the strategic partnership channel is definitely gaining traction in terms of fee generation.
Here's a breakdown of the key revenue components based on the third quarter results ending September 30, 2025:
| Revenue Component | Q3 2025 Amount | Year-to-Date (YTD) 2025 Amount |
| Net interest income from loan portfolio | $55.7 million | N/A |
| Interest income from recreation loans | $53.6 million | N/A |
| Gains from equity investments | $0.3 million (for the quarter) | $15.8 million |
| Loan origination and servicing fees (Strategic Partnerships) | Approximately $1.5 million (Fees and Interest combined) | N/A |
| Cash collections and net recoveries from taxi medallion runoff | $3.4 million (Net recoveries and gains) | N/A |
The net interest income from the loan portfolio hit a record $55.7 million for the quarter, showing a 6% year-over-year growth. The net interest margin on gross loans improved to 8.21%.
The recreation loan segment, which is a major part of the portfolio, contributed $53.6 million in interest income for the quarter.
For the strategic partnership program, which involves earning an origination fee and a few days of interest before selling the loan back, originations reached a record $208.4 million in the third quarter. Fees generated specifically from these partnerships totaled $1.0 million in Q3 2025, up from $0.4 million a year ago. Overall, this program generated approximately $1.5 million in total fees and interest for the quarter.
The wind-down of the taxi medallion assets continues to provide residual income streams. During the quarter, Medallion Financial Corp. collected $6.1 million in cash from these assets, which translated into $3.4 million in net recoveries and gains. The remaining net taxi medallion assets are now quite small, sitting at just $5.1 million as of September 30, 2025, representing less than 0.2% of total assets.
Equity investments are a smaller, less predictable stream. Gains from these investments year-to-date reached $15.8 million, though the third quarter itself was modest with only $300,000 in income recognized.
You can see the composition of the loan portfolio that generates this interest income through the following:
- Consumer loans (recreation and home improvement) represented 94% of the gross loan portfolio as of September 30, 2025.
- Recreation loans were 63% of the total loan book at $1.603 billion.
- Home improvement loans were 31% of the total loan book at $804 million.
- Commercial loans represented 5% of the gross loan portfolio, totaling $135.1 million.
Finance: draft 13-week cash view by Friday.
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