Marlin Business Services (MRLN) Misses Q2 EPS by 2c

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Go back to Marlin Business Services (MRLN) Misses Q2 EPS by 2c

Marlin Reports Second Quarter 2020 Results and Declares a Cash Dividend of $0.14 Per Share

July 30, 2020 4:05 PM EDT

Second Quarter Summary:

Net loss of $5.9 million, or $0.50 per diluted share, compared with net income of $6.1 million, or $0.49 per diluted share a year ago and net loss of $11.8 million, or $1.00 per diluted share last quarter. Net loss on an adjusted basis* of $5.1 million, or $0.43 per diluted share, compared with net income on an adjusted basis of $6.3 million, or $0.51 per diluted share a year agoEnded the quarter with total stockholders equity of $181.0 million, book value per share of $15.16 and a consolidated equity-to-assets ratio of 15.13%Assisted... More