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

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Marlin Names Karen Shields Vice President, Deputy General Counsel

MOUNT LAUREL, N.J., Nov. 15, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ:MRLN), a leading provider of credit products and services to small businesses, today announced that it has promoted Karen Shields to Vice President and Deputy General Counsel.

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Marlin Business Services Corp. Launches New Financing Program With Leica Camera, Inc.

MOUNT LAUREL, N.J., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ:MRLN), a leader in the commercial financing industry, announced it has entered an agreement with Leica Camera, Inc. to support its direct and channel network with financing options for their commercial customers to purchase professional camera solutions. Marlin’s financing options will be made available through Leica Camera channel partners throughout the United States.

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Marlin Names Richard Irwin as Corporate Treasurer

MOUNT LAUREL, N.J., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ:MRLN), a leader in the commercial equipment financing industry, today announced that it has appointed Richard Irwin as Corporate Treasurer.

In his new role as Treasurer, Irwin will have responsibility for managing the company’s liquidity, setting the annual financial plan, analyzing the performance of financial goals, developing pricing tools, and delivering insight on efficient capital generation and utilization.

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

Third Quarter Highlights:

  • Total third quarter origination volume of $128.3 million, a record for a single quarter and up 25.9% year-over-year
  • Total Funding Stream loan origination volume of $10.3 million, up 31.0% from the prior quarter and 4.6 times higher than a year ago
  • Net income of $4.3 million with EPS of $0.35 per share
  • ROE increased 15 basis points from prior year to 11.10%
  • Total new origination loan and lease yield of 11.69% decreased 9 basis points from prior quarter and increased 70 basis points year-over-year
  • Credit quality remained strong with 30+ and 60+ day delinquencies at 78 basis points and 45 basis points, respectively
  • Investment in leases and loans (before deferred costs and loss allowance) ended the quarter at $756.1 million, an all-time record and up 15.1% year-over-year
  • Strong capital position with equity to assets ratio of 18.26%
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