NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Monday reported first-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 5 cents.
The business development company posted revenue of $36.9 million in the period. Its adjusted revenue was $29.2 million.
Medallion Financial shares have increased 57% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.35, a rise of 91% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MFIN at https://www.zacks.com/ap/MFIN