Marlin Business Services Corp. (MRLN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
300 FELLOWSHIP ROAD MT. LAUREL, NJ 08054 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 135,691 | 123,096 | 97,156 | 67,146 | 61,757 | 60,129 | |||
| Cash and cash equivalents | 135,691 | 123,096 | 97,156 | 67,146 | 61,757 | 60,129 | |||
| Total current assets: | 135,691 | 123,096 | 97,156 | 67,146 | 61,757 | 60,129 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7,623 | 8,863 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 8,574 | 7,888 | 4,317 | 4,204 | 3,495 | 3,872 | |||
| Intangible assets, net (including goodwill) | 5,678 | 14,196 | 15,272 | 2,288 | |||||
| Goodwill | 6,735 | 7,360 | 1,160 | ||||||
| Intangible assets, net (excluding goodwill) | 5,678 | 7,461 | 7,912 | 1,128 | |||||
| Total noncurrent assets: | 21,875 | 30,947 | 19,589 | 6,492 | 3,495 | 3,872 | |||
| Other undisclosed assets | 864,432 | 1,053,400 | 1,050,301 | 966,522 | 826,906 | 708,983 | |||
| TOTAL ASSETS: | 1,021,998 | 1,207,443 | 1,167,046 | 1,040,160 | 892,158 | 772,984 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Customer refund liability | 4,000 | ||||||||
| Total current liabilities: | 4,000 | ||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 22,604 | 30,828 | |||||||
| Deferred income tax liabilities | 22,604 | 30,828 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 22,604 | 30,828 | |||||||
| Other undisclosed liabilities | 803,029 | 961,659 | 964,535 | 860,511 | 729,869 | 622,846 | |||
| Total liabilities: | 825,633 | 992,487 | 968,535 | 860,511 | 729,869 | 622,846 | |||
| Equity | |||||||||
| Equity, attributable to parent | 196,365 | 214,956 | 198,511 | 179,649 | 162,289 | 150,138 | |||
| Common stock | 120 | 121 | 124 | 124 | 126 | 124 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (2) | (2) | (2) | (2) | |||||
| Additional paid in capital | 76,323 | 79,665 | 83,498 | 82,588 | 83,505 | 81,703 | |||
| Accumulated other comprehensive income (loss) | 69 | 58 | (44) | (96) | (138) | (129) | |||
| Retained earnings | 119,853 | 135,112 | 114,935 | 97,035 | 78,798 | 68,442 | |||
| Total equity: | 196,365 | 214,956 | 198,511 | 179,649 | 162,289 | 150,138 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,021,998 | 1,207,443 | 1,167,046 | 1,040,160 | 892,158 | 772,984 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 117,356 | 135,653 | 123,732 | 109,474 | 96,650 | 87,893 | ||
| Net investment income | 103,359 | 122,625 | 112,868 | 102,319 | 90,252 | 81,953 | ||
| Cost of revenue | (38,509) | (28,036) | (19,522) | (18,394) | (12,414) | (9,995) | ||
| Provision for loan, lease, and other losses | (38,509) | (28,036) | (19,522) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (18,394) | (12,414) | (9,995) | |
| Gross profit: | 78,847 | 107,617 | 104,210 | 91,080 | 84,236 | 77,898 | ||
| Operating expenses | (30,914) | (32,566) | (24,915) | (28,272) | (19,523) | (17,451) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 13,237 | 13,025 | 13,347 | 9,577 | 3,360 | 1,869 | ||
| Operating income: | 61,170 | 88,076 | 92,642 | 72,385 | 68,073 | 62,316 | ||
| Interest and debt expense | (19,868) | (25,033) | (17,414) | (11,180) | (7,778) | (5,696) | ||
| Income from continuing operations before equity method investments, income taxes: | 41,302 | 63,043 | 75,228 | 61,205 | 60,295 | 56,620 | ||
| Other undisclosed loss from continuing operations before income taxes | (44,428) | (26,190) | (42,527) | (37,569) | (31,997) | (31,392) | ||
| Income (loss) from continuing operations before income taxes: | (3,126) | 36,853 | 32,701 | 23,636 | 28,298 | 25,228 | ||
| Income tax expense (benefit) | 3,468 | (9,737) | (7,721) | 1,656 | (11,019) | (9,262) | ||
| Income from continuing operations: | 342 | 27,116 | 24,980 | 25,292 | 17,279 | 15,966 | ||
| Income before gain (loss) on sale of properties: | ✕ | 342 | 27,116 | 24,980 | 25,292 | 17,279 | 15,966 | |
| Net income attributable to parent: | 342 | 27,116 | 24,980 | 25,292 | 17,279 | 15,966 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (3) | (339) | (432) | (628) | ✕ | ✕ | ||
| Other undisclosed net loss available to common stockholders, basic | (518) | (465) | ||||||
| Net income available to common stockholders, diluted: | 339 | 26,777 | 24,548 | 24,664 | 16,761 | 15,501 | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 342 | 27,116 | 24,980 | 25,292 | 17,279 | 15,966 | ||
| Other comprehensive income (loss) | 11 | 102 | 52 | 42 | (9) | (112) | ||
| Comprehensive income, net of tax, attributable to parent: | 353 | 27,218 | 25,032 | 25,334 | 17,270 | 15,854 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.