Marlin Business Services (MRLN) Declares $0.14 Quarterly Dividend; 2.2% Yield
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Marlin Business Services Corp. Reports Second Quarter 2017 Earnings and Declares a Cash Dividend of $0.14 Per Share
July 27, 2017 5:00 PM EDTSecond Quarter Summary:
Total second quarter origination volume (inclusive of referral volume) of $167.8 million, up 34.3% year-over-yearInvestment in Leases and Loans (before deferred costs and loss allowance) of $858.7 million, up 4.1% from the prior quarter and 18.0% from a year agoROE of 11.19% included $0.3 million of charges related to advisory fees in connection with previously announced regulatory matters concerning certain payment processing practices in effect prior to February 2016ROE on an adjusted basis of 11.80%, up 14 basis points from the second quarter last yearTotal new origination loan and lease yield of 12.21%, up 35 basis... More