MEDALLION FINANCIAL CORP. REPORTS 2021 FIRST QUARTER RESULTS NEW YORK, NY - May 3, 2021 - Medallion Financial Corp. (NASDAQ: MFIN, "Medallion Financial" or the "Company"), a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2021 first quarter results. 2021 First Quarter Highlights Net income was $8.4 million, or $0.34 per share, compared to a net loss of $13.6 million, or $0.56 per share, in the prior year quarter. Net interest income was $28.7 million in the quarter, primarily reflecting the contribution of the consumer lending segments, compared to $26.5 million in the 2020 quarter. Net interest margin was 9.18% in the quarter. Net income from the Company's consumer and commercial lending segments increased to $15.1 million in 2021, compared to $4.3 million a year ago.