OverviewSuggest Edit

Marlin Business Services provides commercial lending solutions and services to small businesses. The Company also offers property insurance coverage for its financed equipment and operates a commercial bank that issues certificates of deposit and money market demand accounts, as well as provides small business loans.
TypePublic
Founded1997
HQMount Laurel, NJ, US
Websitemarlincapitalsolutions.com
Employee Ratings3.3
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)348(+3%)
Job Openings9
Revenue (FY, 2020)$5.7 M(-87%)
Share Price (Nov 2021)$23
Cybersecurity ratingBMore
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Key People/Management at Marlin Business Services

Jeffrey A. Hilzinger

Jeffrey A. Hilzinger

CEO
Michael R. Bogansky

Michael R. Bogansky

Senior Vice President & Chief Financial Officer
Lawrence J. Deangelo

Lawrence J. Deangelo

Chairman
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Marlin Business Services Office Locations

Marlin Business Services has offices in Mount Laurel and Corona
Mount Laurel, NJ, US (HQ)
300 Fellowship Rd
Corona, CA, US
2275 Sampson Ave
Show all (2)

Marlin Business Services Financials and Metrics

Marlin Business Services Revenue

Marlin Business Services's revenue was reported to be $5.72 m in FY, 2020
USD

Revenue (FY, 2020)

5.7m

Net income (FY, 2020)

342.0k

Market capitalization (12-Nov-2021)

277.7m

Closing stock price (12-Nov-2021)

23.0

Cash (31-Dec-2020)

135.7m

EV

150.7m
Marlin Business Services's current market capitalization is $277.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

5.7m6.0m6.6m88.8m89.8m100.0m15.8m44.0m5.7m

Revenue growth, %

1%11%

Sales and marketing expense

31.9m37.6m

General and administrative expense

13.0m13.5m14.7m19.5m28.3m24.9m32.6m30.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.3m1.3m1.3m1.4m1.5m1.6m1.6m3.6m20.3m4.0m3.5m10.4m12.2m3.8m4.2m

Sales and marketing expense

6.6m7.2m6.5m6.3m7.0m7.3m7.1m8.2m7.8m7.8m9.4m9.1m10.0m19.6m

General and administrative expense

3.1m3.2m3.3m3.5m3.4m3.5m3.9m3.5m4.2m4.0m3.8m4.1m4.3m4.4m4.5m4.6m5.0m10.2m6.1m6.4m6.6m13.0m5.4m13.4m6.1m6.1m13.6m5.8m4.7m

Operating expense total

3.1m3.2m3.3m3.5m3.4m3.5m3.9m10.1m11.4m10.4m10.1m11.1m11.6m11.4m12.7m12.4m12.8m19.6m15.2m6.4m16.6m32.6m5.4m13.4m6.1m6.1m13.6m5.8m4.7m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

42.3m65.0m85.7m110.7m60.1m61.8m67.1m97.2m123.1m135.7m

Accounts Receivable

387.8m503.0m1.0b1.0b

Inventories

PP&E

2.1m2.0m2.3m2.8m3.9m3.5m4.2m4.3m7.9m8.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

51.9m48.3m39.6m49.0m70.0m75.5m85.8m75.8m118.6m98.6m104.2m113.1m90.7m105.2m65.1m78.8m77.6m75.7m77.3m82.9m84.9m99.2m88.4m141.0m139.7m132.5m211.1m211.7m195.1m

Accounts Receivable

354.5m367.0m412.6m443.2m472.1m525.9m556.3m886.4m970.4m1.0b1.1b1.0b970.1m911.0m846.7m

PP&E

2.1m2.2m2.1m2.2m2.1m1.9m2.1m2.5m2.1m2.4m2.6m3.5m4.0m4.0m3.7m3.7m3.6m3.4m4.4m4.3m4.0m3.9m3.9m4.0m4.0m6.3m8.1m8.6m8.4m

Goodwill

1.2m1.2m1.2m1.2m1.2m7.4m6.7m6.7m6.7m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

6.2m11.7m16.2m19.4m16.0m17.3m25.3m25.0m27.1m342.0k

Depreciation and Amortization

2.5m900.0k1.8m1.6m1.7m1.8m3.0m3.1m4.1m3.9m

Inventories

Accounts Payable

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

1.5m1.8m1.6m4.6m8.1m3.7m4.5m4.7m4.6m4.9m4.9m4.1m8.2m13.0m3.7m8.1m12.5m1.5m6.1m9.4m6.2m12.7m18.6m5.1m11.3m18.7m(11.8m)(17.7m)(15.0m)

Depreciation and Amortization

548.0k1.1m1.6m549.0k787.0k1.2m448.0k893.0k1.4m609.0k1.4m2.2m1.0m2.2m2.1m1.2m2.4m3.6m1.1m2.1m3.0m

Accounts Payable

11.2m13.4m12.4m12.1m13.3m11.7m13.8m13.8m20.9m

Cash From Operating Activities

4.5m12.3m19.3m5.8m9.6m23.3m5.9m17.2m25.9m17.7m23.8m39.6m21.7m44.4m61.0m12.5m27.0m44.5m10.2m25.4m45.0m
USDQ2, 2011

Financial Leverage

2.9 x
Show all financial metrics

Marlin Business Services Operating Metrics

Marlin Business Services's Total Loans was reported to be $862.7m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Leases

79 k82 k86 k

Non-accrual Loans

$1.74 m$1.98 m$1.43 m$1.68 m$1.68 m$2.35 m$1.77 m$2.02 m$2.24 m$2.34 m$2.62 m

Small and Medium Business Customers

65 k68 k72 k

Total Loans

$629.51 m$628.02 m$641.08 m$659.25 m$682.43 m$702.13 m$730.75 m$759.42 m$796.72 m$828.84 m$862.7 m
Show all operating metrics

Marlin Business Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Marlin Business Services Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Marlin Business Services Online and Social Media Presence

Embed Graph

Marlin Business Services Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A+

    80/100

  • Compensation

    D

    55/100

Learn more on Comparably

Marlin Business Services News and Updates

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Marlin Business Services Corp. Buyout

WILMINGTON, Del., April 19, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Marlin Business Services Corp. (“Marlin”) (NASDAQ GS: MRLN) regarding possible breaches of fiduciary duties and other violations of law related to Marlin’s agreement to be acquired by affili…

Marlin Business Services Corp. Announces Third Quarter 2018 Earnings Call and Webcast

MOUNT LAUREL, N.J., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq: MRLN) will issue its financial results for the third quarter 2018 after market close on Thursday, November 1, 2018. The Company will hold its quarterly conference call to discuss results the following day…

Marlin Business Services Corp. Announces Departure of Chief Financial Officer

MOUNT LAUREL, N.J., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”) announced that W. Taylor Kamp has left his position as Senior Vice President and Chief Financial Officer, effective today. Mr. Kamp will remain with Marlin as a consulta…

Marlin Business Services Blogs

Marlin Completes $201.7 Million Term Debt Securitization

Company Release -7/30/2018 8:30 AM ET MOUNT LAUREL, N.J., July 30, 2018 (GLOBE NEWSWIRE) — Marlin (NASDAQ:MRLN), a nationwide provider of capital solutions to small businesses, announced today the completion of a $201.7 million asset-backed notes (“Notes”) term securitization by Marlin Leasing Corpo…

Marlin Business Services Corp. Announces Second Quarter 2018 Earnings Call and Webcast

Company Release -7/23/2018 4:05 PM ET MOUNT LAUREL, N.J., July 23, 2018 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (Nasdaq:MRLN) will issue its financial results for the second quarter 2018 after market close on Thursday, August 2, 2018. The Company will hold its quarterly conference call to …

Marlin Business Services Corp. to Participate in the JMP Securities Financial Services Conference

Company Release – 6/12/2018 9:00 AM ET MOUNT LAUREL, N.J., June 12, 2018 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (NASDAQ:MRLN), a leading provider of credit products and services to small businesses, today announced that Jeffrey Hilzinger, President and Chief Executive Officer, Taylor Kamp…

Marlin Business Services Frequently Asked Questions

  • When was Marlin Business Services founded?

    Marlin Business Services was founded in 1997.

  • Who are Marlin Business Services key executives?

    Marlin Business Services's key executives are Jeffrey A. Hilzinger, Michael R. Bogansky and Lawrence J. Deangelo.

  • How many employees does Marlin Business Services have?

    Marlin Business Services has 348 employees.

  • What is Marlin Business Services revenue?

    Latest Marlin Business Services annual revenue is $5.7 m.

  • What is Marlin Business Services revenue per employee?

    Latest Marlin Business Services revenue per employee is $16.4 k.

  • Who are Marlin Business Services competitors?

    Competitors of Marlin Business Services include Wells Fargo, Republic Bancorp and People's Utah Bancorp.

  • Where is Marlin Business Services headquarters?

    Marlin Business Services headquarters is located at 300 Fellowship Rd, Mount Laurel.

  • Where are Marlin Business Services offices?

    Marlin Business Services has offices in Mount Laurel and Corona.

  • How many offices does Marlin Business Services have?

    Marlin Business Services has 2 offices.