 |
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May 9, 2006
Consolidated Income Statements
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Quarter Ended March 31,
|
|
|
|
2006
|
2005
|
|
|
Total investment income
Total interest expense |
$16,447,194
7,428,730
|
$12,966,259
5,221,336
|
|
|
|
Net interest income |
9,018,464 |
7,744,923 |
|
|
|
Gain on sales of loans
Other income
|
-
399,917
|
239,520
673,238
|
|
|
|
Total noninterest income |
399,917 |
912,758 |
|
|
|
Salaries and benefits
Professional fees
Other operating expenses
|
2,439,233
610,783
1,600,488
|
2,912,428
505,257
1,923,308
|
|
|
|
Total operating expenses |
4,650,504 |
5,340,993 |
|
|
Net investment income before income taxes
|
4,767,877
|
3,316,688
|
|
|
|
| Income tax provision |
1,001,571 |
556,661 |
Net investment income after taxes
|
3,766,306
|
2,760,027
|
|
|
|
Net realized gains (losses) on investments
Net change in unrealized appreciation (depreciation) on investments
|
(2,241,423)
261,287
|
2,047,887
(2,572,235)
|
|
|
Net realized/unrealized loss on investments
|
(1,980,136)
|
(524,348)
|
Net increase in net assets resulting from operations
|
$1,786,170
|
$2,235,679
|
|
|
|
Weighted average common shares outstanding
|
|
|
Basic
Diluted
|
17,211,707
17,722,064
|
17,135,682
17,605,676
|
|
Net investment income after income taxes per share
|
|
|
Basic
Diluted
|
$0.22
0.21
|
$0.16
0.16
|
|
Net increase in net assets resulting from operations per share
|
|
|
Basic
Diluted
|
$0.10
0.10
|
$0.13
0.13
|
|
Dividends declared per share
|
$0.16
|
$0.12
|
- Back to Press Release
- Consolidated Balance Sheets
- Selected Financial Trends
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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