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November 6, 2007
Consolidated Income Statements
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Three Months ended
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Nine Months Ended
|
|
|
|
|
September 30,
|
September 30,
|
|
|
|
(Dollars in thousands)
|
2007
|
2006
(As adjusted) |
2007
|
2006
(As adjusted) |
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|
|
Total investment income
Total interest expense
Net interest income
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$13,555
8,201
5,354
|
$9,630
6,118
3,512
|
$37,152
22,486
14,666
|
$28,982
17,615
11,367
|
|
|
|
|
|
Total noninterest income |
648 |
435 |
1,697 |
2,051 |
|
|
|
|
Salaries and benefits
Professional fees
Rent expense
Other operating expenses
|
2,491
939
323
694
|
2,221
459
256
867
|
7,759
2,154
976
2,696
|
6,538
1,479
844
2,357
|
|
|
|
|
Total operating expenses |
4,447 |
3,803 |
13,585 |
11,218 |
|
|
|
|
Net investment income before income taxes
Income tax provision
|
1,555
-
|
144
-
|
2,778
-
|
2,200
-
|
|
|
|
Net investment income after income taxes
|
1,555
|
144
|
2,778
|
2,200
|
|
|
|
|
Net realized gains (losses) on investments
Net change in unrealized appreciation (depreciation) on investments
Net change in unrealized appreciation (depreciation)on Medallion Bank and other controlled subsidiaries
|
287
1,809
(49)
|
(122)
(749)
2,128
|
12,140
(6,357)
3,094
|
541
(1,831)
6,353
|
|
|
|
Net unrealized appreciation (depreciation) on investments
|
1,760
|
1,379
|
(3,263)
|
4,522
|
|
|
|
Net realized/unrealized gains on investments
|
2,047
|
1,257
|
8,877
|
5,063
|
|
|
|
Net increase in net assets resulting from operations
|
$3,602
|
$1,401
|
$11,655
|
$7,263
|
|
|
|
Net increase in net assets resulting from operations per common share
|
|
|
|
|
Basic
Diluted
|
$0.21
0.20
|
$0.08
0.08
|
$0.67
0.66
|
$0.40
0.41
|
|
|
Net investment income after income taxes per common share
|
|
|
|
|
Basic
Diluted
|
$ 0.09
0.09
|
$ 0.001
0.01
|
$ 0.16
0.16
|
$ 0.13
0.12
|
|
|
Dividends declared per share
|
$0.19
|
$0.18
|
$0.57
|
$0.51
|
|
|
Weighted average common shares outstanding
|
|
|
|
|
Basic
Diluted
|
17,504,827
17,805,203
|
17,312,915
17,749,934
|
17,472,950
17,793,571
|
17,269,881
17,757,496
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- Back to Press Release
- Consolidated Balance Sheets
Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, and growth. Medallion's actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those factors discussed under the heading "Risk Factors" in Medallion's 2005 Annual Report on Form 10-K.
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