Marlin Business Services reported Q4/15 net income of $3.0 million compared to $4.9 million in the same quarter a year earlier.

The following Q4/15 highlights were excerpted from the news release:

• Lease and loan origination volume was $107.6 million for Q4/15, up 21% or $18.3 million compared to $89.4 million in Q4/14.
• Average investment in leases and loans of $682.4 million was up 7.8% compared to $629.5 million at the end of Q4/14.
• Average monthly lease sources in Q4/15 was 1,109 compared to 1,147 one year earlier.
• Sales rep counts of 136 at the end of Q4/15 compared to 115 a year earlier.
• Yield on new lease and loan originations for Q4/15 was 11.39%, compared to 10.89% for Q4/14.
• The average total finance receivables at the end of Q4/15 was $656.9, up 6.5% or $42.8 million from $614.1 million a year earlier.

“We are excited to be gaining traction on our growth plans,” said Ed Siciliano, chief sales officer and interim CEO. “2015 was a year of investment and, although impactful to short term earnings, that investment is starting to pay off as we see new originations accelerating.  We are also pleased with the performance of and growing customer demand for our Funding Stream loan product.”