MEDALLION FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
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ITEM 1A. RISK FACTORS
There have been no material changes in our risk factors from those disclosed in Part 1, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the Securities and Exchange Commission on March 10, 2026.
On April 29, 2022, our board of directors authorized a new stock repurchase program with no expiration date, pursuant to which we were authorized to repurchase up to $35 million of our shares, which was increased to $40 million on August 10, 2022, also with no expiration date. During the three months ended September 30, 2026, we repurchased 483,871 shares of our common stock at an aggregate price of $5.6 million. Accordingly, as of September 30, 2026, up to $1,166,647 of shares remained authorized for repurchase under our stock repurchase program, all of which was utilized in October 2026. On October 27, 2026, our board of directors approved a new stock repurchase plan with no expiration date, pursuant to which we are authorized to repurchase up to $40 million of our shares.
| Total Number of Shares Purchased | Average PricePaid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | TotalAmount Paid | Maximum Approximate Dollar Value of Shares that May Yet to Be Purchased under the Plans or Programs | |
|---|---|---|---|---|---|
| January 1 - January 31 | — | $— | — | $— | $14,406,534 |
| February 1 - February 28 | — | — | — | — | 14,406,534 |
| March 1 - March 31 | — | — | — | — | 14,406,534 |
| April 1 - April 30 | — | — | — | — | 14,406,534 |
| May 1 - May 31 | 193,108 | 9.55 | 193,108 | 1,844,580 | 12,561,954 |
| June 1 - June 30 | 586,691 | 9.95 | 586,691 | 5,839,715 | 6,722,239 |
| July 1 - July 31 | — | — | — | — | 6,722,239 |
| August 1 - August 31 | 298,047 | 11.20 | 298,047 | 3,337,730 | 3,384,509 |
| September 1 - September 30 | 185,824 | 11.94 | 185,824 | 2,217,862 | 1,166,647 |
| Total | 1,263,670 | $10.48 | 1,263,670 | $13,239,887 | $1,166,647 |
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