Marlin Business Services (MRLN) Misses Q2 EPS by 1c

Marlin Business Services (NASDAQ: MRLN) reported Q2 EPS of $0.36, $0.01 worse than the analyst estimate of $0.37.

Business Outlook

The Company is reiterating guidance for the full year ending December 31, 2017 as follows:

• Full year New Originations Funded (including both Funding Stream and Equipment Finance) is expected to finish at least 20% above 2016 levels.
• Portfolio performance is anticipated to remain within the Company’s targeted and historical range.
• Net interest margin, as a percentage, is expected to remain relatively constant for the remainder of 2017 with continued growth in lower yielding Equipment Finance channels and Franchise Finance, and updates to our servicing practices, offset by expected growth in the Company’s higher yielding Funding Stream business and increasing new business yields in certain Equipment Finance channels.
• ROE is expected to grow to the low teens on an adjusted basis by the end of the fourth quarter of 2017 as strategic initiatives gain traction and the Company continues to improve operating scale.

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

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