Marlin Business Services reported Q2/16 net income of $4.5 million compared to $4.1 million in Q2/15. Return on equity for the quarter was 11.66%, up from 9.47% a year ago. In addition:
“I am very pleased with Marlin’s second quarter results that included accelerating origination volume, excellent credit quality and solid net income growth,” said Jeffrey Hilzinger, who was hired as CEO during the quarter. “We continue to benefit from last year’s strategic investments in expanding our sales force coupled with contributions from Funding Stream, our working capital loan product, and the Transportation and Franchise channel initiatives. Importantly, we are achieving this growth while maintaining our disciplined underwriting standards and strong overall credit quality, which remains a top priority at Marlin.”
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