Medallion Bank Reports Third Quarter 2026 Results
The Salt Lake City-based bank announced $11.8 million in quarterly net income and a new preferred stock dividend.
Updated on Oct. 29, 2026 in Banking
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Medallion Bank reported $11.8 million in net income for the third quarter ending September 30, 2026. The institution also declared a quarterly cash dividend of $0.5625 per share for its Series G preferred stock.
Why it matters
The bank maintains a strong capital position with a Tier 1 leverage ratio of 17.4% while expanding its strategic partnership program to include rFinance. These results provide a snapshot of the bank's lending activity across its core recreation and home improvement sectors.
Medallion Bank posted $60.0 million in net interest income for the third quarter of 2026, alongside $344.5 million in total combined originations for recreation and home improvement loans. The bank's Tier 1 leverage ratio stands at 17.4%.
The players
Medallion Bank
This Salt Lake City-based financial institution specializes in niche lending markets including recreation and home improvement loans.
rFinance
This company entered a new strategic partnership program with Medallion Bank during the third quarter of 2026.
The details
The bank successfully originated $198.2 million in recreation loans and $146.3 million in home improvement loans during the period. Management also integrated the rFinance partnership program, with loan originations from this new source expected to commence in the fourth quarter of 2026.
Timeline
September 30, 2026 marked the end of the third quarter financial reporting period.
October 29, 2026 was the date the board declared the dividend and announced financial results.
December 15, 2026 is the record date for the Series G preferred stock dividend.
January 4, 2027 is the scheduled payment date for the Series G preferred stock dividend.
Market Dynamics
Medallion Bank's 17.4% Tier 1 leverage ratio reflects the industry-wide focus on maintaining robust capital reserves in compliance with the Basel III capital adequacy standards. This positioning helps the bank navigate shifting macroeconomic interest rate cycles.
Shareholders of Series G preferred stock can expect their dividend payments to be distributed in early January. Meanwhile, customers utilizing the bank's recreation and home improvement loan products may see expanded financing options as the rFinance partnership ramps up.
The takeaway
The bank's expansion into new strategic partnerships indicates a focus on diversifying its loan origination sources beyond core markets. Investors and customers should monitor the integration of rFinance as it could influence future loan availability and revenue streams.
What happens next
The Series G preferred stock dividend is scheduled for payment on January 4, 2027.
Further reading
For more information on the current state of the industry, visit Salt Lake City Banking.
More information
View full performance reports and financial disclosures via the Medallion Bank investor information portal.
Source note: This article includes information reported by The Manila times.
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