Medallion Financial Corp. · NASDAQ:MFIN
Medallion Financial — Investor Presentation (October 2026)
23 slides from Medallion Financial's investor presentation, Oct 29, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION RECREATION (Nasdaq: MFIN) HOME IMPROVEMENT COMMERCIAL FINTECH October 29, 2026
Slide 2: Important Information
Important Information This presentation contains certain forward-looking statements, including statements with regard to the future performance of Medallion Financial Corp. (“MFIN” or the “Company”). Words such as “believes,” “expects,” “projects,” “anticipates” and “future” or similar expressions a
Slide 3: About Medallion Financial
About Medallion Financial Medallion Financial Corp. Exchange: NASDAQ Ticker: MFIN Industry: Specialty Finance Primary Subsidiaries: Medallion Bank (NASDAQ:MBNKO) / Medallion Capital As of September 30, 2026 Market Cap $268.1 M Share Price $11.89 52-week Range $7.85 - $12.26 Total Dividend Payout TTM
Slide 4: We Are A Specialty Finance Company
We Are A Specialty Finance Company • “In Niches there are Riches” - long history of niche lending excellence Strong Foundation • Significant alignment with shareholders - insider ownership of ~20+% • Coveted Utah Industrial Bank Charter • More than doubled consumer loan portfolio over past 5 years t
Slide 5: Why Now Is a Good Time to Look at MFIN
Why Now Is a Good Time to Look at MFIN Growing and scalable lending platform Average loan portfolio growth rate of ~10% for the past 3 years Since 2022, repurchased 4.7M shares and increased dividend 75% Current P/E is significantly below other specialty finance companies Trading under Book Value ($
Slide 6: Company Overview
Company Overview We are a specialty finance company that originates and services loans in various consumer and commercial industries, primarily through our subsidiaries Medallion Financial Corp. Nasdaq: MFIN Medallion Bank Medallion Nasdaq: MBNKO Capital Nasdaq: MBNKO – Publicly traded preferred sto
Slide 7: Consumer Lending: Recreation
Consumer Lending Financing of recreational vehicles such as RVs, boats, collector cars, trailers, etc. Recreation Recreation Loan Book Size (info as of 9/30/26 or for 3Q 26) ($ in millions) • ~3,500 dealers and FSPs $1,853.0 • $1.853B of loans $1,800 $1,760.0 • 63% of the total loan portfolio $1,671
Slide 8: Consumer Lending: Home Improvement
Consumer Lending Financing of home improvement projects at the point of sale for consumers (pools, roofs, windows, etc.) Home Improvement (info as of 9/30/26 or for 3Q 26) Home Improvement Loan Book Size • ~800 contractors and FSPs ($ in millions) $947.5 • $947.5M of loans $885.6 $900 • 32% of the t
Slide 9: Commercial Lending
Commercial Lending Lending to lower middle market companies in the U.S. Commercial Lending Commercial Lending Loan Book Size (info as of 9/30/26 or for 3Q 26) ($ in millions) • Loans support organic and inorganic growth $150 • Most deals include an equity component $135.1 • No real estate investment
Slide 10: Strategic Partnerships
Strategic Partnerships Loan originations via partnerships with Fintech companies Strategic Partnership Program Strategic Partnership Originations (info as of 9/30/26 or for 3Q 26) ($ in millions) • Utah industrial bank charter provides regulatory $300 flexibility; Utah bank regulations supersede oth
Slide 11: Overview of Loan Portfolio
Overview of Loan Portfolio Total Gross Loans as of September 30, 2026 Recreation ($1,853.0M) 63% Avg. interest rate: Total Gross Loans: Home Improvement 15.01%¹ $2.936B ($947.5M) 32% Avg. interest rate: 9.52%¹ Commercial Strategic Partnerships ($118.7M) 5% & Other ($16.4M) <1% Avg. interest rate: (1
Slide 12: Loan Portfolio
Loan Portfolio (1) Loan Balance ($ in millions) $3,000 $2,936 $2,795 $2,800 $2,618 $2,600 $2,559 $2,567 $2,485 $2,491 $2,486 $2,485 $2,386 $2,400 $2,228 $2,200 $2,000 $1,800 $1,600 $1,400 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 (1) Includes loans held for investment and loans held for
Slide 13: Strong Recreation Loan Economics
Strong Recreation Loan Economics Illustrative/Sample Recreation Lending Return for a New Incremental $20,000 Loan $3,002 15.01% $3,000 Equity $17,000 Deposits $1,111 / $3,000 = 37% ($677) 3.98% ($710) $1,111 37% 3.55% ($504) Pretax ROE 2.52% Loan Interest Loan Operating Pretax Coupon Costs Losses Ex
Slide 14: Total Loan Origination Activity
Total Loan Origination Activity Loan Originations - All ($ in millions) FY24: $1,043.5 FY25: $1,505.4 3Q26 YTD: $1,592.45 $600.0 $500.0 $400.0 $300.0 $200.0 $100.0 $0.0 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Recreation Home Improvement Commercial Other Strategic Partnership Medallion
Slide 15: Financial Performance
Financial Performance Net Interest Income Net Interest Income Quarterly Performance Annual Performance ($ in millions) ($ in millions) $250.0 $60.0 $58.4 $57.2 $216.9 $56.4 $55.7 $202.5 $55.0 $54.1 $52.7 $53.4 $200.0 $188.1 $52.0 $51.4 $49.9 $160.4 $50.0 $47.9 $150.0 $45.0 $100.0 $40.0 $50.0 $35.0 $
Slide 16: Resilience of Consumer Lending Segments
Resilience of Consumer Lending Segments Medallion Bank Consumer Loan Net Charge-offs as a Percentage of Total Consumer Portfolio 10.00% Managed profitably through the Great Added Home Improvement Prime Credit Lending Segment in 2012 Recession and returned to pre-Recession Increased average FICO
Slide 17: Performance and Shareholder Value
Performance and Shareholder Value Book value per share has exhibited growth, reflecting a strengthening of equity base Net Income vs Book Value per Share(1) Net Income Book Value/Share ($ in millions) $14.0 $18.00 $17.50 $12.0 $17.00 $10.0 $16.50 $8.0 $16.00 $6.0 $15.50 $15.00 $4.0 $14.50 $2.0 $14.0
Slide 18: Tangible Book Value
Tangible Book Value Explanation of GAAP and Non-GAAP Financial Measures This supplement contains certain financial measures that are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management believes these non-GAAP financial measure
Slide 19: Dividend History
Dividend History Quarterly Dividend • Reinstated quarterly $0.16 dividend in 1Q 2022 $0.14 • Increased 75% since $0.12 it was reinstated $0.10 • Annualized dividend $0.08 yield of 4.7% $0.06 (based on MFIN’s stock price of $11.89 per share $0.04 on 9/30/26) $0.02 $0.00 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23
Slide 20: Compelling Investment Opportunity
Compelling Investment Opportunity Coveted Long History of Strong Insider Strategic Capital Excellence in Industrial Bank Profitability Ownership of Allocation Niche Lending Charter and ROE ~20+% and Growth Bridge the Current Valuation Gap Medallion Financial Corp. Investor Presentation 20
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet MEDALLION FINANCIAL CORP. CONSOLIDATED BALANCE SHEETS (UNAUDITED) Medallion Financial Corp. Investor Presentation 21
Slide 22: Consolidated Statements of Operations
Consolidated Statements of Operations MEDALLION FINANCIAL CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Medallion Financial Corp. Investor Presentation 22
Slide 23: Contact Us
Contact Us THANK YOU! Medallion Financial Corp. [email protected] (212) 328-2176
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