Marlin Business Services (MRLN) Misses Q1 EPS by $1.16
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Marlin Reports First Quarter 2020 Results and Declares a Cash Dividend of $0.14 Per Share
April 30, 2020 4:06 PM EDTÂ 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%, up 2 basis points from the prior quarter and down 31 basis points... More