MFIN (Medallion Financial) Credit Losses Provision : $81.3 Mil (As of Mar. 2025)

View and export this data going back to 1996. Start your Free Trial

What is Medallion Financial Credit Losses Provision?

Medallion Financial's credit losses provision for the three months ended in Mar. 2025 was $22.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was $81.3 Mil.

Medallion Financial's quarterly credit losses provision increased from Sep. 2024 ($20.2 Mil) to Dec. 2024 ($20.6 Mil) and increased from Dec. 2024 ($20.6 Mil) to Mar. 2025 ($22.0 Mil).

Medallion Financial's annual credit losses provision increased from Dec. 2022 ($30.1 Mil) to Dec. 2023 ($37.8 Mil) and increased from Dec. 2023 ($37.8 Mil) to Dec. 2024 ($76.5 Mil).

Medallion Financial Credit Losses Provision Historical Data

The historical data trend for Medallion Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Medallion Financial Credit Losses Provision Chart

Medallion Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

Get a 7-Day Free Trial

69.82

4.62

30.06

37.81

76.50

Medallion Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															17.20	18.58	20.15	20.57	22.01

Medallion Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $81.3 Mil.

Medallion Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Medallion Financial Corp (NAS:MFIN) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

MD5:Germany

Address

437 Madison Avenue, 38th Floor, New York, NY, USA, 10022

Website

https://www.medallion.com

Medallion Financial Corp is a finance company that originates and services loans in various industries. The five operating segments are, (1) recreation, (2) home improvement, (3) commercial, (4) taxi medallion, and (5) strategic partnership loans. The company generates maximum revenue from the Recreation segment.

Executives

Anthony N. Cutrone	officer: See Remarks	437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
David Justin Haley	officer: See Remarks	1100 EAST 6600 SOUTH, SUITE 510, SALT LAKE CITY UT 84121
Brent O. Hatch	director	C/O MEDALLION FINANCIAL CORP., 437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Robert Meyer	director	1455 VALLEY ROAD, WAYNE NJ 07470
Donald S. Poulton	officer: See Remarks	1100 EAST 6600 SOUTH, SUITE 510, SALT LAKE CITY UT 84121
Cynthia A Hallenbeck	director	7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Allan J Tanenbaum	director
David L Rudnick	director
Alvin Murstein	director, officer: Chairman & CEO
Henry L Aaron	director
Thomas J. Munson	officer: Please See Remarks	437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Alexander S Travis	officer: See Remarks	3000 WEST COUNTY ROAD 42, SUITE 301, BURNSVILLE MN 55337
Frederick Menowitz	director	C/O MEDALLION FINANCIAL CORP, 437 MADISON AVE, NEW YORK NY 10022
Stephen A. Lewis	officer: See Remarks	3000 WEST COUNTY ROAD 42, SUITE 301, BURNSVILLE MN 55337
John Everets	director