Marlin Business Services (MRLN) Misses Q2 EPS by 3c; Appoints New CFO

Marlin Business Services (NASDAQ: MRLN) reported Q2 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37.

Marlin also announced the hiring of W. Taylor Kamp as Senior Vice President and Chief Financial Officer. Mr. Kamp brings more than 25 years of experience to Marlin, including extensive financial and corporate development experience. Mr. Kamp will report directly to Daniel P. Dyer, Co-founder and Chief Executive Officer of Marlin. Mr. Kamp was most recently Managing Director and Head of Corporate Development and Mergers & Acquisitions for CIT Group, Inc. where he managed world-wide activities related to the purchase and sale of businesses and portfolios. From 2000 until 2010, Mr. Kamp served in various managing director and senior corporate development roles within CIT. From 1987 until 2000, Mr. Kamp was with Citigroup Inc. where he served in various senior finance positions, including Chief Financial Officer of Citigroup's international commercial operations (1999 to 2000), consumer real estate services (1997 to 1999) and commercial operations and transport finance (1993 to 1996).

"Taylor is extremely well qualified to serve as our CFO," said Daniel P. Dyer, Co-founder and Chief Executive Officer. "His deep financial and corporate development experience will be a strong complement to our executive team and will be invaluable as we continue to drive our strategic and financial goals," said Dyer.

"I am very excited to join the Marlin executive team and to join a company with such strong growth prospects," said Kamp. "Marlin has a long track record of success in the lending and leasing space and is a respected market leader and innovator in serving their clients and partners."

For earnings history and earnings-related data on Marlin Business Services (MRLN) click here.

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