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Medallion Financial (Medallion Financial) Net Interest Margin (Bank Only) % : 8.62% (As of Dec. 2023)


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What is Medallion Financial Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Medallion Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $196.1 Mil. Medallion Financial's average earning assets for the quarter that ended in Dec. 2023 was $2,275.2 Mil. Therefore, Medallion Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 8.62%.


Medallion Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Medallion Financial's Net Interest Margin (Bank Only) % 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 Net Interest Margin (Bank Only) % Chart

Medallion Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 8.84 9.05 9.11 8.84

Medallion Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.96 8.62 8.78 8.78 8.62

Competitive Comparison of Medallion Financial's Net Interest Margin (Bank Only) %

For the Credit Services subindustry, Medallion Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Medallion Financial's Net Interest Margin (Bank Only) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Medallion Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Medallion Financial's Net Interest Margin (Bank Only) % falls into.



Medallion Financial Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Medallion Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=188.094/( (1974.026 + 2283.187)/ 2 )
=188.094/2128.6065
=8.84 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=72.426 + 1853.108 + 48.492
=1974.026

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=97.254 + 2131.651 + 54.282
=2283.187

Medallion Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=196.072/( (2267.25 + 2283.187)/ 2 )
=196.072/2275.2185
=8.62 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=90.17 + 2123.905 + 53.175
=2267.25

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=97.254 + 2131.651 + 54.282
=2283.187

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Medallion Financial  (NAS:MFIN) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Medallion Financial Net Interest Margin (Bank Only) % Related Terms

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Medallion Financial (Medallion Financial) Business Description

Traded in Other Exchanges
Address
437 Madison Avenue, 38th Floor, New York, NY, USA, 10022
Medallion Financial Corp is a finance company that originates and services loans in various industries. Its operating segments include recreation, home improvement, commercial lending, medallion lending and Corporate and Other Investments. The company generates maximum revenue from the Recreation segment.
Executives
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
Anthony N. Cutrone officer: See Remarks 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