Marlin Business Services (MRLN) Misses Q2 EPS by 3c; Appoints New CFO

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Go back to Marlin Business Services (MRLN) Misses Q2 EPS by 3c; Appoints New CFO

Marlin Business Services Corp. Announces Hiring of W. Taylor Kamp as Chief Financial Officer, Successful Launch of New Working Capital Loan Offer Tailored to Small Businesses Nationwide, FundingStream

August 4, 2015 5:27 PM EDT

Second Quarter Highlights:

Net income of $4.1 million, EPS of $0.32 Net income on an adjusted basis of $4.4 million; EPS on an adjusted basis of $0.34 Increased quarterly dividend to $0.14 per share from $0.125 per share Net interest and fee margin of 12.05% for the quarter Strong capital position, equity to assets ratio of 23.07% Total average finance receivables of $627 million, up 5% year-over-year Lease and loan production of $93.2 million, up 14% from the quarter ended March 31, 2015 98,394 shares repurchased at an average price of $18.96 per share in the second quarter of 2015 under the Company's... More