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Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations

The following table presents the Company’s quarterly results of operations for the years ended December 31, 2019, 2018, and 2017.

 

(Dollars in thousands, except per share data)

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2019 Quarter Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

22,321

 

 

$

23,194

 

 

$

25,415

 

 

$

26,587

 

Income (loss) before income taxes

 

 

1,139

 

 

 

(8,478

)

 

 

7,600

 

 

 

2,076

 

Net income (loss) after taxes

 

 

1,395

 

 

 

(6,643

)

 

 

7,435

 

 

 

(191

)

Net income (loss) attributable to Medallion Financial

   Corp.

 

 

1,228

 

 

 

(7,500

)

 

 

4,975

 

 

 

(465

)

Basic net income (loss) per share

 

 

0.05

 

 

 

(0.31

)

 

 

0.20

 

 

 

(0.02

)

Diluted net income (loss) per share

 

 

0.05

 

 

 

(0.31

)

 

 

0.20

 

 

 

(0.02

)

2018 Quarter Ended (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income/net investment income

 

$

482

 

 

$

24,719

 

 

$

24,265

 

 

$

23,003

 

Income (loss) before income taxes/net investment loss

   before taxes

 

 

(3,566

)

 

 

(17,905

)

 

 

(3,963

)

 

 

14,712

 

Net income (loss) after taxes/net decrease on net assets

   resulting from operations

 

 

(14,874

)

 

 

(13,884

)

 

 

(3,846

)

 

 

9,865

 

Net income (loss) attributable to Medallion Financial

   Corp./net decrease in net assets resulting from operations

 

 

(14,874

)

 

 

(14,647

)

 

 

(4,697

)

 

 

9,172

 

Basic net income (loss) per share

 

 

(0.62

)

 

 

(0.60

)

 

 

(0.19

)

 

 

0.38

 

Diluted net income (loss) per share

 

 

(0.62

)

 

 

(0.60

)

 

 

(0.19

)

 

 

0.38

 

2017 Quarter Ended (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income

 

$

4,250

 

 

$

3,787

 

 

$

5,567

 

 

$

6,020

 

Net investment loss after income taxes

 

 

(435

)

 

 

(1,293

)

 

 

(2,490

)

 

 

(2,903

)

Net increase (decrease) in net assets resulting from

   operations

 

 

1,111

 

 

 

(4,797

)

 

 

619

 

 

 

3,345

 

Net increase (decrease) in net assets resulting from

   operations per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.05

 

 

 

(0.20

)

 

 

0.03

 

 

 

0.14

 

Diluted

 

 

0.05

 

 

 

(0.20

)

 

 

0.03

 

 

 

0.14

 

 

(1)

The three months ended March 31, 2018 and earlier quarters have been accounted for under Investment Company Accounting, and subsequent quarters have been accounted for under Bank Holding Company Accounting.