QUOTE AND NEWS
Globe Newswire  Feb 16  Comment 
MOUNT LAUREL, N.J., Feb. 16, 2012 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) conference call details are as follows: Date: February 24, 2012 Time: 9:00 AM ET Listen via Internet:
Globe Newswire  Oct 27  Comment 
MOUNT LAUREL, N.J., Oct. 27, 2011 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) conference call details are as follows: Date: November 4, 2011 Time:  9:00 AM ET     Listen via Internet:
Globe Newswire  Jul 26  Comment 
MOUNT LAUREL, N.J., July 26, 2011 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) conference call details are as follows: Date: August 3, 2011 Time: 9:00 AM ET Listen via Internet:
Globe Newswire  Aug 6  Comment 
Second Quarter Highlights: Net Income of $1.6 million for the second quarter of 2010 Increased sales force by 16 full time equivalents to 69 30+ lease delinquencies improved 36 basis points in the second quarter of 2010 and improved 177 basis points
Globe Newswire  Aug 2  Comment 
MOUNT LAUREL, N.J., Aug. 2, 2010 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) conference call details: Date: August 6, 2010 Time: 9:00 AM ET Listen via Internet: http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=4089372
Penny Sleuth  May 28  Comment 
While the Penny Sleuth’s weekly watchlist is normally a Monday tradition, I thought we’d change things around this week, instead opting to take a look at four stocks for next week. In case you’re not familiar, each week, the Penny Sleuth...
Globe Newswire  May 6  Comment 
First Quarter Highlights: Net Income of $1.2 million for the first quarter of 2010 Increased sales force by 15 full time equivalents to 53 30+ lease delinquencies improved 38 basis points in the first quarter of 2010 and improved 187 basis points
Globe Newswire  Apr 30  Comment 
MOUNT LAUREL, N.J., April 30, 2010 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN), a leader in the equipment leasing industry, recently held its second Customer Advisory Council meeting on April 14, 2010. The purpose of the council
Globe Newswire  Apr 29  Comment 
MOUNT LAUREL, N.J., April 29, 2010 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) conference call details: Date: May 7, 2010 Time: 9:00 AM ET Listen via Internet: http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=4089372
Globe Newswire  Apr 15  Comment 
MOUNT LAUREL, N.J., April 15, 2010 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN), a leader in the equipment leasing industry, is pleased to announce the hiring of Allen Snelling as Vice President, Major Account Sales. Snelling will




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Marlin Business Services (MRLN)[1] is a small ticker leasing company. Nearly half of their leases occur without financial statements typically associated with larger leases. So the owners back the leases with personal assets. Such leases do not lend themselves to competition from big banks, but that does not stop the banks from trying to enter the market in each market cycle.

Leases are securitized once a year and prefunding of the next leasing cycle occurs.

The company has recently tried to enter the factoring business, but initial attempts to jump in were complicated with the wrong hiring decision. The company is taking a more measure approach currently.

The company also received a commercial bank charter, but is not pleased with the terms of the charter. They have until mid 2008 to decide if they want to proceed with bank operations. The primary attraction is the lower cost source of funds.


History

When Marlin went public the key executives were Dan Dyer, Gary Shivers, and Bruce Sickle. First Bruce resigned and was replaced by Lynn Wilson, formerly with GE. Next Gary retired and was replaced with the internal promotion of George Pelose.


Recent Events

Marlin completed the securitization of its current pool of leases. The interest rate required by the buyers was higher than in prior years.


Financial services leasing industry Interest rate spread Interest Rates


References

1. All information from the company

References

  1. 1
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