Marlin Business Services Corp. Reports 20% Increase in First Quarter Net Income

MOUNT LAUREL, N.J., -- Marlin Business Services Corp. (Nasdaq: MRLN) Wednesday, May 3 reported net income of $4.7 million for the first quarter ended March 31, 2006, a 20% increase over net income of $3.9 million for the same period in 2005. Diluted net income per share was $0.39 for the first quarter of 2006, an increase of 18.2% compared to $0.33 for the same period in 2005. Annualized returns on average assets and equity in the first quarter of 2006 were 2.82% and 16.34%, respectively.

"I am pleased to report a strong quarter, marked by solid earnings growth," said Daniel P. Dyer, Chairman and CEO of Marlin. "Our operating results were driven by strong credit quality, lower G&A spending, and higher origination volume, which was up 7.3% from the fourth quarter of 2005."

Full Press Release:

http://www.snl.com/irweblinkx/file.aspx?IID=4089372&FID=2261035