Marlin Business Services Corp.'s M&A strategy includes the acquisition of broker platforms similar to Horizon Keystone Financial, as the company pushes to further expand in equipment finance.
That said, the Mount Laurel, N.J.-based company would be "just as interested" in a "more transformational" deal to add a new product to Marlin's offerings, CEO Jeffrey Hilzinger noted on the company's earnings call.
Marlin on Feb. 1 reported fourth-quarter 2017 net income of $15.9 million, or $1.27 per share, up from the year-ago period's $4.8 million or 38 cents per share. The recent quarter's results included a $10.2 million tax benefit that impacted EPS by 82 cents. Hilzinger on the earnings release touted a 23% year-over-year increase in sourced origination volume, driven by equipment finance.
