Marlin Business Services (MRLN) Declares $0.14 Quarterly Dividend; 2.9% Yield
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Marlin Business Services Corp. Reports Third Quarter 2016 Earnings and Declares a Cash Dividend of $0.14 Per Share
October 27, 2016 4:31 PM EDTThird Quarter Highlights:
Total third quarter origination volume of $128.3 million, a record for a single quarter and up 25.9% year-over-yearTotal Funding Stream loan origination volume of $10.3 million, up 31.0% from the prior quarter and 4.6 times higher than a year agoNet income of $4.3 million with EPS of $0.35 per shareROE 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-yearCredit quality remained strong with 30+ and 60+ day delinquencies at 78 basis points and 45 basis points,... More