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February 19, 2025 15:23 ET | Source: ZimCal Asset Management LLC

“Is mediocrity good enough?” – ZimCal asks Medallion Financial stockholders

4Q24 Medallion Bank earnings continue disturbing downward trendConsolidated Medallion Financial Corp earnings have not yet been releasedDue to lower Bank earnings, Medallion Financial may struggle to...
August 20, 2024 15:31 ET | Source: ZimCal Asset Management LLC

ZimCal disturbed by Medallion Financial’s second quarter results

2Q24 results show worrying trends that must be addressed immediately.Core charge-offs (YoY), ROAA, ROAE and holding company cash-burn trended poorly.Quarterly earnings, ROAA and core ROAA (Ex. Taxi...