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mfin: the income statement
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Non-loan interest and
dividend income
$1,837K
Interest and fees on loans
$78,934K
Total interest income
$80,771K
Other income
$34K
Strategic partnership
fees
-$990K
Gain on taxi
medallion assets, net
$1,767K
Gain (loss) on equity
investments, net
$257K
Net interest income
$55,686K
Total interest
expense
$25,085K
Total other income,
net
$3,048K
Net interest income
after provision for...
$37,130K
Provision for credit
losses
$18,556K
Interest on short-term
borrowings
$713K
Interest on long-term
debt
$3,870K
Interest on deposits
$20,502K
Income before income
taxes
$19,476K
Total other expenses
$20,702K
Net income after
taxes
$13,614K
Income tax provision
$5,862K
Other expenses
$3,251K
Amortization of intangible
assets
$361K
Rent expense
$680K
Regulatory fees
$680K
Professional fee costs, net
$1,073K
Collection costs
$1,660K
Loan servicing fees
$2,852K
Salaries and employee
benefits
$10,145K
Net income
attributable to medallion...
$7,763K
Less redemption of
non-controlling interest
$3,515K
Less income
attributable to the...
$2,336K
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Income Statement
source: myfinsight.com
MEDALLION FINANCIAL CORP (MFIN)
MEDALLION FINANCIAL CORP (MFIN)