Marlin Business Services (MRLN) Declares $0.14 Quarterly Dividend; 2% Yield
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Marlin Business Services Corp. Reports Third Quarter 2017 Earnings and Declares a Cash Dividend of $0.14 Per Share
October 26, 2017 5:00 PM EDT
Third Quarter Summary:
Total third quarter sourced origination volume of $160.4 million, down 4.4% from the previous quarter due to the intentional strategic pull-back in certain channels, but up 21.1% year-over-yearInvestment in Leases and Loans (before deferred costs and loss allowance) of $883.8 million, up 2.9% from the prior quarter and up 16.9% from a year agoTotal new origination loan and lease yield of 12.18%, down 3 basis points from the prior quarter and up 49 basis points year-over-yearNet interest and fee income of $23.1 million for the quarter, compared to $22.7 million for the prior quarter and $20.7... More
