Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35000 Walker & Dunlop, Inc. (Exact name of registrant as specified in its charter) Maryland 80-0629925 (State ...

Financial Performance - Total revenues decreased by 1% year-over-year to $270.7 million in Q2 2024[1] - Net income for Q2 2024 was $22.7 million, down 18% from Q2 2023, with diluted earnings per share at $0.67[1] - Adjusted core EPS rose by 26% year-over-year to $1.23 in Q2 2024[1] - Net income for Walker & Dunlop in Q2 2024 was $40,432,000, reflecting an increase of $4,700,000 or 13% compared to Q2 2023[12] - Walker & Dunlop net income for Q2 2024 was $(28,808,000), a 19% decrease from $(24,204,000) in Q2 2023, reflecting a variance of $(4,604,000)[14] - Walker & Dunlop's net income for YTD Q2 2024 was $83,715,000, down 4% from $86,816,000 in YTD Q2 2023[22] - Walker & Dunlop reported a net income of $22.663 million for Q2 2024, a significant increase from $11.866 million in Q1 2024[39] Revenue Streams - Total transaction volume for Q2 2024 was $8.4 billion, flat compared to Q2 2023[1] - The servicing portfolio grew to $132.8 billion as of June 30, 2024, up 5% from the previous year[1] - Brokered transaction volume increased by 16% year-over-year, driven by higher demand for capital[2] - The total managed portfolio reached $150.3 billion, reflecting a 5% increase from the previous year[3] - The Servicing & Asset Management segment reported total revenues of $148,232,000 in Q2 2024, an increase of $5,392,000 or 4% from Q2 2023[12] - Total revenues for YTD Q2 2024 increased to $289,467,000, up 5% from $276,036,000 in YTD Q2 2023, representing a variance of $13,431,000[22] Expenses and Costs - Total expenses for Q2 2024 increased to $45,060,000, a 19% increase from $37,862,000 in Q2 2023, reflecting a variance of $7,198,000[14] - Personnel expenses rose to $38,132,000, a 4% increase from $36,530,000 in the previous year[22] - Total expenses for YTD Q2 2024 were $181,824,000, an 11% increase from $164,296,000 in YTD Q2 2023, resulting in a variance of $17,528,000[22] - Interest expense on corporate debt increased by 5% year-over-year, primarily due to rising interest rates[9] - Interest expense on corporate debt increased by $3.2 million, or 10%, year-over-year due to rising interest rates[16] Portfolio and Loan Performance - The at-risk servicing portfolio increased to $60,122,274 in Q2 2024 from $56,430,098 in Q2 2023, reflecting a $3,692,176 increase or approximately 7%[8] - Defaulted loans in the at-risk portfolio rose to five loans with an aggregate unpaid principal balance of $48.6 million in Q2 2024, compared to two loans with a UPB of $37.0 million in Q2 2023[8] - Defaulted loans as a percentage of the at-risk portfolio decreased to 0.08% from 0.11% in Q1 2024, indicating improved loan performance[33] Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.65 per share for Q3 2024[1] - Cash dividends paid per common share were $0.65, consistent with Q1 2024[31] Market and Future Outlook - Walker & Dunlop's future outlook remains positive, with expectations for continued growth in adjusted core net income and EPS[39] - The company is focusing on market expansion and new product development to drive future revenue growth[39] Balance Sheet and Assets - Total assets increased to $4,175,398 thousand as of June 30, 2024, up from $3,825,912 thousand on March 31, 2024, representing a growth of 9.1%[30] - Total liabilities increased to $2,441,604 thousand, up from $2,090,004 thousand, reflecting a rise of 16.8%[30] - The company reported a total stockholders' equity of $1,696,900 thousand, down from $1,715,336 thousand, a decrease of 1.5%[30] Adjusted Metrics - Adjusted EBITDA increased by 15% year-over-year to $80.9 million, reflecting strong recurring revenue streams[1] - Adjusted EBITDA for YTD Q2 2024 was $244,159,000, reflecting a 10% increase from $221,434,000 in YTD Q2 2023[22] - Adjusted Core Net Income for Q2 2024 was $41.702 million, compared to $40.352 million in Q1 2024, reflecting a growth of 3.34%[39]

Analysts on Wall Street project that Walker & Dunlop (WD) will announce quarterly earnings of $1.16 per share in its forthcoming report, representing an increase of 18.4% year over year. Revenues are projected to reach $274.7 million, increasing 0.8% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reve ...

The market expects Walker & Dunlop (WD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

This provider of commercial real estate financial services has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 39.31%. Walker & Dunlop currently has an Earnings ESP of +16.38%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is poss ...

Walker & Dunlop (WD) shares rallied 4.8% in the last trading session to close at $100.15. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2% loss over the past four weeks. For Walker & Dunlop, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure t ...

Walker & Dunlop, Inc. (NYSE:WD) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Willy Walker - Chairman and CEO Greg Florkowski - CFO Conference Call Participants Jade Rahmani - KBW Steve DeLaney - Citizens JMP Brian Violino - Wedbush Securities Derek Sommers - Jefferies Operator Good day, and welcome to the Q1 2024 Walker & Dunlop Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to [Jenna Simms]. Please go ahead. Uniden ...

For the quarter ended March 2024, Walker & Dunlop (WD) reported revenue of $228.06 million, down 4.5% over the same period last year. EPS came in at $1.19, compared to $1.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $253.55 million, representing a surprise of -10.05%. The company delivered an EPS surprise of +43.37%, with the consensus EPS estimate being $0.83.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Walker & Dunlop (WD) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.37%. A quarter ago, it was expected that this provider of commercial real estate financial services would post earnings of $1.05 per share when it actually produced earnings of $1.42, delivering a surprise of 35.2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35000 Walker & Dunlop, Inc. (Exact name of registrant as specified in its charter) Maryland 80-0629925 incorp ...