Medallion Bank Reports Results and Declares Dividend
The bank posted $11.8 million in net income and set a January payment date for its Series G preferred stock dividend.
Updated on Oct. 29, 2026 in Banking
Live Poll
Do you trust the long-term financial health of banks that report fluctuating quarterly income?
Salt Lake City-based Medallion Bank reported $11.8 million in net income for the third quarter of 2026, which ended September 30. The institution also announced a cash dividend for its Series G preferred stock holders.
Why it matters
The bank remains active in niche lending markets, reporting significant originations in recreation and home improvement loans while maintaining a Tier 1 leverage ratio of 17.4%. This performance level provides insight into the fiscal health of a regional lender active in specialty consumer finance.
Medallion Bank reported a Tier 1 leverage ratio of 17.4% as of September 30, 2026, alongside $11.8 million in quarterly net income. The bank also authorized a $0.5625 per share dividend for Series G preferred stock holders.
The players
Medallion Bank
A Salt Lake City-based financial institution that provides recreation and home improvement consumer loans.
rFinance
A new strategic partner that expects to begin loan originations with the bank in the fourth quarter of 2026.
The details
Medallion Bank generates revenue primarily through interest income, which totaled $60.0 million for the period. The bank continues to originate loans in the recreation sector, totaling $198.2 million, and home improvement, totaling $146.3 million, while expanding its reach through new strategic partnerships like rFinance. These originations form the core of the bank's asset base, which reached $3.0 billion by the end of the quarter.
Timeline
September 30, 2026 marked the end of the bank's third quarter.
October 29, 2026 was the date the board declared the preferred stock dividend.
December 15, 2026 serves as the record date for the preferred dividend.
January 4, 2027 is the scheduled payment date for the dividend.
Money Landscape
Medallion Bank maintains a capital position consistent with broader regional banking standards under Dodd-Frank Act capital requirements. The institution continues to pursue growth through specialized consumer lending channels.
Shareholders of Series G preferred stock should note that the record date for the upcoming dividend is December 15, 2026. For those considering the bank's loan products, origination activity in recreation and home improvement sectors remains a key focus of the bank's operations.
The takeaway
The bank remains focused on its niche lending originations while sustaining a stable Tier 1 capital ratio. Investors and customers may want to monitor the bank's website for upcoming quarterly disclosures or contact their financial professional to discuss how institutional shifts impact local credit availability.
What happens next
The cash dividend of $0.5625 per share for Series G preferred stock is scheduled for payout to shareholders on January 4, 2027.
Further reading
For additional context on local industry shifts, visit the Banking section.
More information
Review the latest reports and disclosures via Medallion Bank investor information.
Source note: This article includes information reported by The Manila times.
Live Poll
Do you trust the long-term financial health of banks that report fluctuating quarterly income?
