Medallion Financial Corp (MFIN) Loans - Loss Allowance (2018 - 2024)
Medallion Financial (MFIN) reported Loans - Loss Allowance of $83.83 million for Q1 2024, up 19.3% from $70.28 million a year earlier but down 0.5% from the prior quarter.
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Analysis
Medallion Financial Corp (MFIN) Loans - Loss Allowance (2018 - 2024) Analysis & Trends
At the end of FY2023, Medallion Financial posted Loans - Loss Allowance of $84.24 million, up 31.9% from FY2022.
- Loans - Loss Allowance has a five-year compound annual growth rate of 18.3% (FY2018 to FY2023).
- By year, Loans - Loss Allowance came in at $63.85 million in FY2022 (+27.3%), $50.17 million in FY2021 (-12.8%), $57.55 million in FY2020 (+24.9%) and $46.09 million in FY2019 (+26.6%).
- Five-year quarterly Loans - Loss Allowance spans a low of $43.11 million in Q3 2019 and a high of $90.51 million in Q3 2020.
- Year over year, Loans - Loss Allowance has now increased in each of the last eight quarters, with growth averaging 28.5% over the last eight quarters.
- The high point for year-over-year Loans - Loss Allowance in five years was Q2 2019 (growth of 115.1%); the low point was Q3 2021 (a decline of 47.6%).
- Per Business Quant data, the three quarters before Q1 2024 came in at $84.24 million (Q4 2023), $79.13 million (Q3 2023) and $74.97 million (Q2 2023).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 83.83 Mn |
| Dec 31, 2023 | 84.24 Mn |
| Sep 30, 2023 | 79.13 Mn |
| Jun 30, 2023 | 74.97 Mn |
| Mar 31, 2023 | 70.28 Mn |
| Dec 31, 2022 | 63.85 Mn |
| Sep 30, 2022 | 61.54 Mn |
| Jun 30, 2022 | 59.15 Mn |
| Mar 31, 2022 | 50.69 Mn |
| Dec 31, 2021 | 50.17 Mn |
| Sep 30, 2021 | 47.45 Mn |
| Jun 30, 2021 | 46.95 Mn |
| Mar 31, 2021 | 57.81 Mn |
| Dec 31, 2020 | 57.55 Mn |
| Sep 30, 2020 | 90.51 Mn |
| Jun 30, 2020 | 66.98 Mn |
| Mar 31, 2020 | 54.06 Mn |
| Dec 31, 2019 | 46.09 Mn |
| Sep 30, 2019 | 43.11 Mn |
| Jun 30, 2019 | 46.09 Mn |
API Access
Medallion Financial Corp Loans - Loss Allowance API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=MFIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-loss-allowance", "ticker": "MFIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=MFIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();