Marlin Business Services reported Q1/15 net income of $4.1 million compared to $4.6 million for Q1/14. Marlin said Q1/15 lease and loan production was $81.6 million, compared to $89.5 million in the fourth quarter of 2014 and $74.0 million in first quarter of 2014.
“Origination activity for the quarter is higher year over year on stronger dealer demand,” said Daniel P. Dyer, co-founder and chief executive officer. “The growth of our sales force this quarter is part of an active campaign to invest resources in the core business and our new initiatives. We are also excited about our recently announced small business working capital loan product and its long term growth potential,” said Dyer.
The following highlights were excerpted from the news release:
To view the full Marlin Business Services news release, click here.
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