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
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114,252110,622135,691195,132211,706211,070
Cash and cash equivalents114,252110,622135,691195,132211,706211,070
Receivables10,545   4,3486,877
Total current assets:124,797110,622135,691195,132216,054217,947
Noncurrent Assets
Operating lease, right-of-use asset7,4587,6487,6237,7298,1468,618
Property, plant and equipment9,0438,6038,5748,4228,5948,138
Intangible assets, net (including goodwill)5,3435,5105,6785,8467,0627,261
Intangible assets, net (excluding goodwill)5,3435,5105,6785,8467,0627,261
Total noncurrent assets:21,84421,76121,87521,99723,80224,017
Other undisclosed assets838,798840,481864,432888,822956,3591,021,573
TOTAL ASSETS:985,439972,8641,021,9981,105,9511,196,2151,263,537
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt   22,604   
Deferred income tax liabilities   22,604   
Total noncurrent liabilities:   22,604   
Other undisclosed liabilities774,360771,162803,029923,6011,015,2111,075,047
Total liabilities:774,360771,162825,633923,6011,015,2111,075,047
Equity
Equity, attributable to parent211,079201,702196,365182,350181,004188,490
Common stock120120120120119119
Additional paid in capital77,27976,68276,32375,89375,60675,647
Accumulated other comprehensive income (loss) 165(115)69938620
Retained earnings133,515125,015119,853106,244105,193112,704
Total equity:211,079201,702196,365182,350181,004188,490
TOTAL LIABILITIES AND EQUITY:985,439972,8641,021,9981,105,9511,196,2151,263,537

Income Statement (P&L) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues22,98823,89929,61427,28328,94731,513
Net investment income19,99120,743 25,20126,69829,231
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   12,651(7,204)(18,806)(25,150)
Gross profit:22,98823,89942,26520,07910,1416,363
Operating expenses(8,377)(11,246)(6,745)(5,733)(5,847)(20,340)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,5546,5742,0652,0441,4897,639
Operating income (loss):16,16519,22737,58516,3905,783(6,338)
Interest and debt expense(2,819)(3,263)(4,066)(4,694)(5,428)(5,680)
Income (loss) from continuing operations before equity method investments, income taxes:13,34615,96433,51911,696355(12,018)
Other undisclosed income (loss) from continuing operations before income taxes376(6,595)(13,401)(8,428)(7,611)(7,237)
Income (loss) from continuing operations before income taxes:13,7229,36920,1183,268(7,256)(19,255)
Income tax expense (benefit)(3,466)(2,518)(4,816)(525)1,3747,434
Income (loss) from continuing operations:10,2566,85115,3022,743(5,882)(11,821)
Income (loss) before gain (loss) on sale of properties:10,2566,85115,3022,743(5,882)(11,821)
Net income (loss) attributable to parent:10,2566,85115,3022,743(5,882)(11,821)
Undistributed earnings (loss) allocated to participating securities, basic(128)(85) (36)  
Other undisclosed net loss available to common stockholders, basic   (3)   
Net income (loss) available to common stockholders, diluted:10,1286,76615,2992,707(5,882)(11,821)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):10,2566,85115,3022,743(5,882)(11,821)
Other comprehensive income (loss)280(184)(24)766(38)
Comprehensive income (loss), net of tax, attributable to parent:10,5366,66715,2782,750(5,816)(11,859)

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.

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