Marlin Business Services Related Content

Marlin Reports Recovering Income Levels in Q3; Origination Levels Still Below 2019

Marlin Business Services reported Q3/20 net income of $2.7 million compared with net loss of $5.9 million in the prior quarter and net income of $7.4 million in Q3/19. Marlin also reported a 66% year-over-year decrease in total sourced origination volume in the quarter. read more

Marlin Reports $5.9MM Q2/20 Loss, Volume Down 71% Y/Y

Marlin Business Services reported a Q2/20 net loss of $5.9 million, an improvement from its Q1/20 net loss of $11.8 million, and $67.2 million in new business volume, down 71% year over year. read more

Marlin Reports Q1/20 Net Loss of $11.8MM, Volume Down 24.5% Y/Y

Marlin reported net loss of $11.8 million, compared with net income of $5.1 million a year ago. Total sourced origination volume of $157.4 million was down 24.5% year-over-year. read more

Marlin Executives Take a Pay Cut as 120 Employees Are Furloughed

According to an 8-K filing, Marlin Business Services CEO Jeffrey Hilzinger and other executive officers agreed to reduce their base salaries by 25% and 15%, respectively. Marlin has also furloughed 120 employees but will continue to provide their health insurance. read more

Marlin Terminates Capital Maintenance and Liquidity Agreement with FDIC

Marlin Business Services terminated its Capital Maintenance and Liquidity Agreement with the Federal Deposit Insurance Corporation. read more

Marlin Achieves Record Volume in 2019, Direct Originations Up 29% Y/Y

Marlin Business Services reported full-year results, achieving record origination volume and increases in net income. read more

Marlin 2018 Adjusted Net Income Increases 34.9% Y/Y

Marlin Business Services reported fourth quarter 2018 net income of $6.4 million compared with net income of $15.9 million from Q4/2017. Fourth quarter net income on an adjusted basis was $6.4 million, compared with $5.9 million a year ago. read more

Marlin Names Industry Vet Bogansky Chief Financial Officer

Marlin Business Services named Michael R. Bogansky senior vice president and chief financial officer effective February 1, 2019. read more

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

Kamp Leaves CFO Position at Marlin Business Services

W. Taylor Kamp left his position as senior vice president and chief financial officer at Marlin Business Services. He will remain with Marlin as a consultant through the end of this year to assist in the transition. read more

Marlin Completes $201.7MM Term Debt Securitization, First Since 2010

Marlin completed a $201.7 million asset-backed notes term securitization by Marlin Leasing, a wholly owned subsidiary of Marlin Business Services. This transaction was Marlin's 11th term securitization and its first since 2010. read more

Marlin’s CEO and CFO to Participate in LD Micro Invitational Conference

Jeffrey Hilzinger and Taylor Kamp of Marlin Business Services will participate in the LD Micro Invitational Conference held June 4-6 in Los Angeles. read more

M&A Activity Continues Strong: Awaiting the Impact of New Developments

The Alta Group’s Bruce Kropschot and James Jackson examine the M&A market for independent equipment finance companies. Although another good year is expected, several factors could affect the market, including rising interest rates, stock market trends, tax reform legislation and accounting rule changes.... read more

Marlin Q1 Adjusted Earnings Up 44%; Managed Assets Exceed $1B

Marlin Business Services reported Q1/18 adjusted net income was $6.2 million, up 44% from $4.3 million a year-ago. Total managed assets, up 19.4%, surpassed the $1 billion milestone. read more

Marlin Secures $300MM Forward Flow Agreement to Expand Operations

Marlin Business Services entered into a forward flow sale agreement with Varadero Capital, an alternative asset management firm, to sell up to $300 million in equipment leases and loans to be originated by Marlin. read more

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