Medallion Bank grew recreational lending originations 34.6% in the fourth quarter of 2025 from the fourth quarter of 2024. The surge lifted the bank’s recreational lending portfolio to $1.617 billion at 2025’s end, up 13.7% from 2024’s end.
Total 2025 recreation lending originations were $468.5 million, down 11% from 2024’s total.
Medallion Bank CEO Donald Poulton said, “Recreation loan volume grew substantially over the prior year quarter as we adjusted pricing to better meet market demand, though the growth was moderated by prudent underwriting changes made to manage credit risk.”
Recreation lending accounted for 67% of the bank’s loan receivables at 2025’s end.
Overall, the bank reported $72.2 million in profits in 2025, up 19% compared with 2024.
The bank had $2.6 billion in total assets at 2025’s end. Its total loan portfolio size was $2.4 billion at 2025’s end, up 9% from 2024’s end.
“Strategic partnership loan activity continued to grow with originations of $258 million in the quarter,” Poulton said. “Loan delinquency rates in the quarter fell compared to the prior year for both recreation and home improvement loans.”
Overall, fourth-quarter profits rose 24% from the fourth quarter of 2024.
On Jan. 29, Medallion’s Board of Directors declared a quarterly cash dividend of 56.25 cents per share.
The dividend is payable April 1 to holders of record at the close of business March 16.
