Marlin Business Services reported Q3/14 net income of $4.9 million, up 5.0% compared to $4.7 million for Q3/13. Year-to-date net income of $14.5 million was up 13% compared to $12.8 million for the same period a year earlier. Net interest and fee income for Q3/14 and YTD was $19.3 million and $57.6 million, respectively up from $18.7 million and $53.4 million for the same year-ago periods.
Highlights from the report included:
“We reported a solid earnings quarter,” said Daniel P. Dyer, co-founder and CEO. “Our disciplined operating model continues to deliver profitable growth and attractive returns on capital. We remain well positioned to grow our core business and we are excited to launch our Franchise Finance Group.”
To view the full Marlin Business Services news release, click here.
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