Marlin Business Services (MRLN) Tops Q2 EPS by 3c

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Go back to Marlin Business Services (MRLN) Tops Q2 EPS by 3c

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

July 28, 2016 4:30 PM EDT

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 agoNet income of $4.5 million, up 8% year over year, with EPS of $0.36 per shareROE 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-yearCredit quality remained strong with 30+ and 60+ day delinquencies at 71 basis points and 43 basis points, respectivelyNet investment in leases and... More