Medallion Financial Corp.

SALT LAKE CITY, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has launched a public offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”). The offering is a reopening of Medallion Bank's original issuance of its Series G Preferred Stock, which occurred on May 22, 2025. Medallion Bank's Series G Preferred Stock is traded on the Nasdaq Capital Market under the ticker symbol “MBNKO.” Medallion Bank is and will remain a wholly owned subsidiary of Medallion Financial upon completion of the offering.

Program Provides Consumer Financing for Renewal by Andersen® Products Nationwide SALT LAKE CITY, Sept. 22, 2026 (GLOBE NEWSWIRE) -- 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 services to fintech strategic partners, today announced a strategic relationship with rFinance Credit Company (“rFinance”).

Medallion Financial Corp. is rated Hold after recent price appreciation to $11.98, just 2.9% below a revised target of $12.32. Consensus EPS and revenue estimates for MFIN have been revised upward for FY2026 and FY2027, supporting a higher intrinsic valuation. MFIN's fintech partnership program has rapidly scaled, now a material income source, with Q2 FY2026 loan originations reaching $247.1 million.

Medallion Financial is rated Buy, with a dividend discount model-derived value per share of $10.92, representing 9.89% upside. Despite declining profitability—ROE below COE and EPS projected to fall 38% in FY2026—MFIN maintains strong capital ratios and a growing dividend. MFIN's fintech partnership lending segment has surged, driving fee income and offsetting legacy taxi medallion stigma and activist pressure.