Marlin Business Services Corp. provides commercial equipment financing and working capital loans to businesses nationwide.

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Marlin Business Services Corp. Reports Second Quarter 2016 Earnings and Declares a Cash Dividend of $0.14 Per Share

Second Quarter Highlights:

  • Total second quarter originations of $121.5 million, up 30% year-over-year
  • Total Funding Stream loan originations of $7.9 million, up 24.9% from the prior quarter and nearly 15 times higher than a year ago
  • Net income of $4.5 million, up 8% year over year, with EPS of $0.36 per share
  • ROE increased 219 basis points from prior year to 11.66%
  • Total new origination loan and lease yield of 11.78% increased 9 basis points from prior quarter and 66 basis points year-over-year
  • Credit quality remained strong with 30+ and 60+ day delinquencies at 71 basis points and 43 basis points, respectively
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Marlin Business Services Corp. Announces Its Second Quarter 2016 Earnings Call and Webcast

MOUNT LAUREL, N.J., July 19, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) will issue its financial results for the second quarter 2016 after the close of market on Thursday, July 28, 2016. The Company will hold its quarterly conference call to discuss results the following day on Friday, July 29, 2016, at 09:00 a.m. Eastern Time.

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Marlin Business Services Corp. Offering Financing To Rush Enterprises Dealerships

MOUNT LAUREL, N.J., July 13, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ:MRLN), a leader in the commercial equipment financing industry, announced it has entered an agreement with Rush Enterprises (NASDAQ:RUSHA) to support its dealership network with financing options for their customers to purchase new and used commercial trucks. Marlin dedicated field representatives will be offering financing through more than 100 Rush Truck Centers throughout the United States.

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Marlin Business Services Corp. Promotes Ed Siciliano to COO

MOUNT LAUREL, N.J., July 06, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ:MRLN) today announced that Edward J. Siciliano has been promoted to Chief Operating Officer, effective immediately.

Mr. Siciliano has been Marlin’s Chief Sales Officer since 2007 and served as Interim Chief Executive Officer from October 2015 until June 2016.

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