MicroFinancial Incorporated Announces First Quarter 2011 Results - EPS of $0.14

MicroFinancial Incorporated MFI a financial intermediary specializing in vendor based leasing and finance programs for microticket transactions, today announced financial results for the first quarter ended March 31, 2011. Quarterly Highlights: * Increased cash received from customers by 18.0% to $25.8 million representing $1.77 per diluted share as compared to the first quarter of 2010; * Increased net income to $2.0 million as compared to $0.6 million for the same period last year; * Increased total revenues by 8.4% to $13.3 million as compared to the same period last year; * Reduced total expenses by 11.9% as compared to the same period in last year; * Improved net charge-offs by 29% from $7.0 million to $5.0 million; and * Approved 452 new vendors during the quarter.