Last $19.01 USD
Change Today +0.41 / 2.20%
Volume 15.8K
MRLN On Other Exchanges
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As of 3:05 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

300 Fellowship Road

Mount Laurel, NJ 08054

United States

Phone: 888-479-9111

Fax: 888-479-1100

Marlin Business Services Corp. provides equipment financing solutions primarily to small and mid-sized businesses in the United States. The company finances approximately 100 categories of common-use commercial equipment to the small and mid-sized business customer, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment. The company accesses its end user customers primarily through origination sources consisted of its existing network of approximately 11,900 independent commercial equipment dealers, various national account programs, and through direct solicitation of its end user customers and through relationships with select lease brokers. As of December 31, 2013, the company serviced approximately 75,000 active equipment leases for approximately 63,000 small and mid-sized business customers. It focuses primarily on the segment of the market consisted of the small and mid-size independent equipment dealers. As of December 31, 2013, the company had processed approximately 858,000 lease applications and originated approximately 360,000 new leases. Through the issuance of Federal Deposit Insurance Corporation (FDIC)-insured certificates of deposit, the company’s wholly-owned subsidiary, Marlin Business Bank (MBB), serves as the company’s primary funding source. Sales Origination Channels The company primarily uses direct sales origination channels to penetrate a multitude of origination sources in the fragmented small-ticket equipment leasing market. Supervision and Regulation As a Utah state-chartered Federal Reserve member bank, MBB is supervised by both the Federal Reserve Bank of San Francisco and the Utah Department of Financial Institutions. The company is subject to the Bank Holding Company Act and supervised by the Federal Reserve Bank of Philadelphia. The company’s wholly-owned insurance company subsidiary, AssuranceOne, is a Class 3 Bermuda insurance company, and as such is subject to the Bermuda Insurance Act 1978, as amended, and related regulations. Sections 23A and 23B of the Federal Reserve Act and applicable regulations impose restrictions on MBB that limit the transfer of funds by MBB to the company and certain of its affiliates, in the form of loans, extensions of credit, investments or purchases of assets. Significant Events Marlin Business Services Corp. announced the launch of its Franchise Finance Group in October 2014. History Marlin Business Services Corp. was founded in 1997.

 

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Valuation MRLN Industry Range
Price/Earnings 13.5x
Price/Sales 3.1x
Price/Book 1.4x
Price/Cash Flow 13.3x
TEV/Sales 1.8x
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