Marlin Business Services reported Q3/15 net income of $4.8 million compared to $4.9 million in the same quarter a year earlier.

The following Q3/15 highlights were excerpted from the news release:

• Lease and loan origination volume was $100.5 million for Q3/15, up 22% or $18.0 million compared to $82.5 million in Q3/14.
• Average investment in leases and loans at Q3 of $659.3 million was up 6.6% compared to $618.7 at the end of Q3/14.
• Average monthly lease sources in Q3/15 was 1,106 compared to 1,125 one year earlier.
• Sales rep counts of 131 at the end of Q3/15 compared to 116 a year earlier.
• Yield on new lease and loan originations for Q3/15 was 11.06%, compared to 11.06% for Q3/14.
• The average total finance receivables at the end of Q3/15 was $641.0, up 5.4% or $32.7 million from $608.3 million a year earlier.

“We are pleased with our results across the board in the third quarter, in particular surpassing $100 million in new originations,” said Edward Siciliano, interim CEO and chief sales officer. “We are well-positioned to continue to execute on our growth plan heading into the fourth quarter of 2015.”