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Stock Market & Financial Investment News

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July 29, 2014
17:12 EDTMRLNMarlin Business board authorizes $15M share repurchase program
Marlin Business Services announced that its board has authorized a stock repurchase program of up to $15M of its outstanding shares of common stock, replacing the stock repurchase program established in November 2007. The manner, timing and amount of any purchase will be determined by management based on an evaluation of market conditions, stock price and other factors.
News For MRLN From The Last 14 Days
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February 3, 2016
09:41 EDTMRLNMarlin Business downgraded to Market Perform from Outperform at William Blair
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February 1, 2016
16:33 EDTMRLNMarlin Business reports Q4 adjusted EPS 40c, consensus 37c
Net interest and fee margin as a percentage of average finance receivables was 11.52% for the fourth quarter ended December 31, 2015, down 44 basis points from the third quarter of 2015 and down 96 basis points from a year ago. The decrease in margin percentage was a result of the downward repricing of assets, decline in fee income, change in mix, and slight increase in cost of funds. The Company's cost of funds increased to 98 basis points, compared to 89 basis points for the third quarter of 2015 and 86 basis points for the fourth quarter of 2014. The increase in cost of funds was due both to increasing leverage and increasing rates.

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