Marlin Business Services (MRLN) Declares $0.14 Quarterly Dividend; 2.2% Yield
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Marlin Business Services Corp. Reports Record Origination Volume for First Quarter 2017 and Declares a Cash Dividend of $0.14 Per Share
April 27, 2017 5:00 PM EDTFirst Quarter Summary:
Total first quarter origination volume (inclusive of referral volume) of $168.8 million, a record for a single quarter, up 11.3% compared to the prior quarter and an increase of 49.4% year-over-yearInvestment in Leases and Loans (before deferred costs and loss allowance) of $824.9 million, an all-time record, up 4.0% from the prior quarter and 17.9% from a year agoROE of 3.78% included a charge related to a reserve for restitution in connection with certain payment processing practices in effect prior to February 2016ROE on an adjusted basis of 10.44%, up 70 basis points... More