Medallion Financial Corp. Reports 2010 Third Quarter EPS of $.16

Medallion Financial Corp. TAXI announced that net increase in net assets resulting from operations, was $ 3,468,000 or $0.20 per diluted common share in the 2010 third quarter, up from $2,889,000 or $0.16 per diluted common share in the 2009 third quarter, an increase of 20%. Net investment income after income taxes was $2,368,000, or $0.13 per share in the 2010 third quarter, up from $2,001,000, or $0.11 per share in the 2009 third quarter, an increase of 18%. Net investment income after income taxes on a combined basis with Medallion Bank was $6,978,000, or $0.40 per share in the 2010 third quarter, up from $5,946,000, or $0.34 per share in the year ago quarter, an increase of 17%.