Marlin $4.4 million 4th Quarter-- Officers Sell Stock
“MOUNT LAUREL, N.J., -- Marlin Business Services Corp. (Nasdaq: MRLN) today reported net income of $4.4 million for the fourth quarter ended December 31, 2005, compared with net income of $3.6 million for the same period in 2004. Diluted net income per share was $0.36 for the fourth quarter of 2005, an increase of 16.1% compared with $0.31 for the same period in 2004. Annualized returns on average assets and equity in the fourth quarter of 2005 were 2.49% and 15.89%, respectively.” Press release “2005 was another solid year of growth," said Daniel P. Dyer, Chairman and CEO of Marlin Business Services Corp. "Strong asset growth and credit quality led the way and is a reflection of our disciplined operating approach and our strategic focus on delivering quality service to our customers." The full press release at: A comparison statement follows the press release to the SEC: http://www.snl.com/Interactive/html.asp?F=2101585.HTML&T=MRLN&Y=8%2DK&D= Not in the release: Daniel P. Dyer, Chairman of the Board, Chief Executive Officer & Treasurer, in the last two months selling 10,500 shares of stock. Originally purchased for $1.91, sold 3,500 2/7 for $22.284, 3,500 on 1/25 for 22.94, 3,500 on 1/20 for 22.738 Stated controls or owns 257,048 shares. Attorney and press release contact George D. Pelose, Senior Vice President, General Counsel & Secretary, also sold shares: Originally purchased for $4.23 he sold 1,250 1/31 for $22.75, 1,250 1/19 for $22.81 and 1,250 1/6 for $23.35. It is noted he owns or controls $15,397 shares. Here is the full listing of sales sold by officers in 2005: http://www.snl.com/Interactive/IR/insiders.asp?IID=4089372 1/18/2006 Press Release: "Piper Jaffray Cos. analyst Robert Napoli maintained his investment opinion of Marlin Business Services Corp. at "outperform," with a price target of $26.50. "The analyst wrote in a research report: "We forecast the lease portfolio to grow 3% q/q and 17% y/y to $575 million in 4Q '05. Our estimate assumes originations of $77 million, a 16% y/y increase. We believe loan demand from the small business market continues to be strong, while MRLN suggested on its 3Q conference call that competition from larger banks had diminished somewhat." Marlin Business Services Corp. (Nasdaq: MRLN) announces the following Webcast: What: Marlin Business Services Corp. Webcast - Fourth Quarter and Year End 2005 Earnings Conference Call When: February 10, 2006 @ 9:00 AM EST Where: http://www.marlincorp.com/ How: Participant Dial in - 800-903-0258 Or Live over the Internet -- Simply log on to the web at the address above. Contact: Bruce E. Sickel, CFO, 888-479-9111 X4108. |
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