05/02/24 - Press Release: ZimCal comments on Medallion Financial Corp. 1Q24 earnings results.
ZimCal raised concerns about poorly trending 1Q24 results, particularly charge-off (net) trends, and urged MFIN to take decisive risk-management steps immediately. ZimCal’s long-term view remains overwhelmingly positive if MFIN has the right governance and leadership team in place.