Piper Sandler Reiterates Neutral on Medallion Financial, Raises Price Target to $12

Medallion Bank Announces Pricing of Series G Preferred Stock Offering

Medallion Bank priced a public offering of 2.2 million shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with an aggregate liquidation amount of $55 million. The offering features a 9.00% fixed dividend rate through July 1, 2030, then converts to a floating rate. The bank plans to use net proceeds for general corporate purposes, potentially including redemption of its Series E Preferred Stock. The offering is expected to close on September 30, 2026.

Medallion Bank Collaborates With rFinance Credit Company Over Origination, Administration Of Consumer Loans

Medallion Bank (NASDAQ:MBNKO, the "Bank")), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan origination and captive finance

Medallion Finl Q2 EPS $0.31 Beats $0.29 Estimate, Sales $61.051M Beat $56.481M Estimate