Medallion Financial Q1 Profit Up

(RTTNews) - Medallion Financial Corp. (TAXI) Monday said first-quarter increase in net assets resulting from operations increased to $6.77 million or $0.27 per share from $6.47 million or $0.30 per share in the same period last year.

Analysts, based on consensus, expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $7.06 million from $6.18 million last year. Net-interest margin was 5.99 percent, compared to 5.51 percent last year. Non-interest income totaled $191 million, down from $296 million last year.