MFIN · Medallion Financial
AI read · Good for MFIN
The AI's read
Growth in two lending areas and a gain from selling loans point to more business and income at the bank. Broader deposit funding and the preferred-share issue add funding sources. The bank’s $3 billion-to-$5 billion asset goal is a plan, not a reported result. Expected seasonal weakness in fourth-quarter originations tempers the news, but the reported growth and loan-sale gain support a positive reading.