Record Q4 Origination Volume Powers Marlin to 31.1% Increase in 2016



Marlin Business Services reported Q4/16 net income of $4.8 million, or $0.38 per diluted share, compared to $3.0 million, or $0.24 per diluted share, for Q4/15. Return on equity for the quarter was 12.06%, up from 7.96% a year ago.

For the year ended December 31, 2016, net income was $17.3 million, or $1.38 per diluted share, compared to $16.0 million and $1.25 per diluted share for the year ended December 31, 2015.

Full year total origination volume of $504.3 million was up 31.1% compared to 2015. Funding stream loan origination volume of $35.8 million was 5.4 times higher than 2015. Investment in leases and loans of $793.3 million was an all-time record for Marlin and a 16.7% year-over-year increase.

The strong 2016 results were powered by a record-setting Q4/16, in which Marlin posted origination volume of $146.1 million, a 13.9% increase compared to Q3/16 and a 35.4% year-over-year increase. Total funding stream loan origination volume of $11.3 million was up 9.4% from the previous quarter and 3.1 times higher than Q4/15.

“We concluded 2016 with an outstanding fourth quarter driven by robust origination volume and stable credit quality that helped deliver solid earnings growth,” commented Jeffrey A. Hilzinger, Marlin’s president and CEO.


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Terry Mulreany
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