Marlin Completes Acquisition by Funds Managed by Affiliates of HPS Investment Partners LLC MOUNT LAUREL, N.J., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Marlin Business Services Corp., a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), announced today the completion of its acquisition by funds managed by affiliates of HPS Investment Partners LLC (“HPS”) effective January 20, 2022, for $23.50 per share in an all-cash transaction. With the completion of this transaction, Marlin becomes part of the Global Leasing Platforms (the “Platforms”) managed by affili...
Marlin Provides Update on Proposed Acquisition by Funds Managed by HPS Investment Partners LLC MOUNT LAUREL, N.J., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), announced today an update on its proposed merger with a subsidiary of funds managed by HPS Investment Partners LLC (“HPS”). Marlin and HPS have been working diligently to meet all closing conditions to the merger, including the condition that the Company’s wholly-owned subsidiary Marlin Business Bank surr...
Marlin Reports Third Quarter 2021 Results and Declares a Cash Dividend of $0.14 Per Share Provides Update on Proposed Acquisition by Funds Managed by HPS Investment Partners LLC Third Quarter Summary: Net income of $5.5 million, or $0.45 per diluted share, up from $2.7 million, or $0.23 per diluted share a year ago and down from $10.3 million, or $0.84 per diluted share last quarter.Ended the quarter with total stockholders’ equity of $215.3 million and a consolidated equity-to-assets ratio of 20.17%.Continued to make progress towards satisfying the closing conditions for the proposed ac...
Marlin Reports Second Quarter 2021 Results and Declares a Cash Dividend of $0.14 Per Share Provides Update on Proposed Acquisition by Funds Managed by HPS Investment Partners LLC Second Quarter Summary: Net income of $10.3 million, or $0.84 per diluted share, up from a net loss of $5.9 million, or $0.50 per diluted share a year ago and up from net income of $6.9 million, or $0.57 per diluted share last quarter. Net income on an adjusted basis* of $12.2 million, or $1.00 per diluted share, up from a net loss on an adjusted basis of $5.1 million or $0.43 per diluted share in the same qua...
Marlin Reports First Quarter 2021 Results and Declares a Cash Dividend of $0.14 Per Share First Quarter Summary: Net income of $6.9 million, or $0.57 per diluted share, up from a net loss of $11.8 million, or $1.00 per diluted share a year ago and down from net income of $15.3 million, or $1.28 per diluted share last quarterEnded the quarter with total stockholders’ equity of $201.7 million and a consolidated equity-to-assets ratio of 20.73%Total 30+ day delinquencies were 1.16%, down from 1.79% in the prior year and 1.63% in the fourth quarter; annualized net charge-offs of 1.67%, compare...
Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC Marlin Shareholders to Receive $23.50 per share in Cash Transaction Marlin to Become a Privately Held Company Upon Completion of Transaction MOUNT LAUREL, N.J., April 19, 2021 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its Euro...
Marlin Reports Fourth Quarter and Full Year 2020 Results and Declares a Cash Dividend of $0.14 Per Share Fourth Quarter Summary: Net income of $15.3 million, or $1.28 per diluted share, up from $8.4 million, or $0.69 per diluted share a year ago and up from $2.7 million, or $0.23 per diluted share last quarter.Ended the quarter with total stockholders’ equity of $196.4 million, book value per share of $16.40 and a consolidated equity-to-assets ratio of 19.21%Total 30+ day delinquencies were 1.63%, up from 1.40% prior year, but down from 2.15% in the third quarter; annualized net charge-off...
Marlin Announces Fourth Quarter and Full Year 2020 Earnings Call and Webcast MOUNT LAUREL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”), a nationwide provider of capital solutions to small businesses, will issue its financial results for the fourth quarter and full year 2020 after market-close on Thursday, January 28, 2021. The Company will hold its quarterly conference call to discuss results the following day on Friday, January 29, 2021, at 9:00 a.m. Eastern Time. The details for the conference call can be found below....
Marlin Reports Third Quarter 2020 Results and Declares a Cash Dividend of $0.14 Per Share Third Quarter Summary: Net income of $2.7 million, or $0.23 per diluted share, compared with net income of $7.4 million, or $0.60 per diluted share a year ago and net loss of $5.9 million, or $0.50 per diluted share last quarter. Net income on an adjusted basis* of $3.2 million, or $0.27 per diluted share, compared with net income on an adjusted basis of $7.4 million, or $0.60 per diluted share a year agoEnded the quarter with total stockholders’ equity of $182.4 million, book value per share of $15.2...
Marlin Announces Third Quarter 2020 Earnings Call and Webcast MOUNT LAUREL, N.J., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”), a nationwide provider of capital solutions to small businesses, will issue its financial results for the third quarter 2020 after market-close on Thursday, October 29, 2020. The Company will hold its quarterly conference call to discuss results the following day on Friday, October 30, 2020, at 9:00 a.m. Eastern Time. The details for the conference call can be found below. Third Quarter 2020 Financial...
A director at Marlin Business Services Corp bought 15,000 shares at 7.250USD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
Marlin Reports Second Quarter 2020 Results and Declares a Cash Dividend of $0.14 Per Share Second Quarter Summary: Net loss of $5.9 million, or $0.50 per diluted share, compared with net income of $6.1 million, or $0.49 per diluted share a year ago and net loss of $11.8 million, or $1.00 per diluted share last quarter. Net loss on an adjusted basis* of $5.1 million, or $0.43 per diluted share, compared with net income on an adjusted basis of $6.3 million, or $0.51 per diluted share a year agoEnded the quarter with total stockholders’ equity of $181.0 million, book value per share of...
Marlin Announces Second Quarter 2020 Earnings Call and Webcast MOUNT LAUREL, N.J., July 16, 2020 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”), a nationwide provider of capital solutions to small businesses, will issue its financial results for the second quarter 2020 after market-close on Thursday, July 30, 2020. The Company will hold its quarterly conference call to discuss results the following day on Friday, July 31, 2020, at 9:00 a.m. Eastern Time. The details for the conference call can be found below. Second Quarter 2020 Financial Re...
Marlin Reports First Quarter 2020 Results and Declares a Cash Dividend of $0.14 Per Share First Quarter Summary: Net loss of $11.8 million, or $1.00 per diluted share, compared with net income of $5.1 million, or $0.41 per diluted share a year ago and $8.4 million, or $0.69 per diluted share last quarter. Net loss on an adjusted basis* of $10.0 million, or $0.84 per diluted share, compared with net income on an adjusted basis of $5.0 million, or $0.40 per diluted share a year agoTotal sourced origination volume of $157.4 million, down 24.5% year-over-year. Total origination yield of 12.45...
Marlin Announces First Quarter 2020 Earnings Call and Webcast MOUNT LAUREL, N.J., April 23, 2020 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”), a nationwide provider of capital solutions to small businesses, will issue its financial results for the first quarter 2020 after market-close on Thursday, April 30, 2020. The Company will hold its quarterly conference call to discuss results the following day on Friday, May 1, 2020, at 9:00 a.m. Eastern Time. The details for the conference call can be found below. First Quarter 2020 Financial Res...
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