Medallion Bank Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F

MBNKP

Market cap $46.8M

MBNKO preferred stock offers a 9% fixed dividend until 2030, with strong coverage and less risk than peers, yet trades only slightly above par. Medallion Bank's financial strength is robust, with high profit margins, strong capital ratios, and consistent net interest margins well above regulatory minimums. Historical and adjusted cash flows indicate Medallion Bank can comfortably cover the higher dividends of MBNKO, even in less profitable years.

NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBKNP), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has launched a public offering of shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”). Medallion Bank's Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “MBNKO.

SALT LAKE CITY, April 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

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