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Walker Dunlop, Inc. (WD) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Walker Dunlop, Inc.

CIK: 1497770 Ticker: WD

Exhibit 99.1

Graphic

Dramatic Growth in Debt Brokerage and Property Sales

Drives Walker & Dunlop’s Q4 Results

FOURTH QUARTER 2021 HIGHLIGHTS

Record total transaction volume of $27.1 billion, up 91% from Q4’20
Record total revenues of $407.2 million, up 16% from Q4’20
Net income of $79.9 million and diluted earnings per share of $2.42, down 4% and 7%, respectively, from Q4’20
Record adjusted EBITDA1 of $109.7 million, up 89% from Q4’20
Servicing portfolio of $115.7 billion at December 31, 2021, up 8% from December 31, 2020
Completed the acquisition of Alliant Capital (“Alliant”)
Increased quarterly dividend by 20% to $0.60 per share

FULL-YEAR 2021 HIGHLIGHTS

Record total transaction volume of $68.2 billion, up 66% from 2020
Record total revenues of $1.3 billion, up 16% from 2020
Record net income of $265.8 million, up 8% from 2020 and diluted earnings per share of $8.15 up 6% from 2020
Record adjusted EBITDA1 of $309.3 million, up 43% from 2020

Bethesda, MD – February 3, 2022

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported record total revenues of $407.2 million for the fourth quarter of 2021, an increase of 16% year over year. Net income for the fourth quarter of 2021 was $79.9 million or $2.42 per diluted share, down 4% and 7%, respectively, from the fourth quarter of 2020. Fourth quarter 2021 adjusted EBITDA1 was a record of $109.7 million, up 89% over the same period in 2020. Total transaction volume in the fourth quarter of 2021 was also a record of $27.1 billion, up 91% from the fourth quarter of 2020. The Company’s Board of Directors authorized a 20% increase in the quarterly dividend to $0.60 per share.

“Our continued investments in people, brand, and technology produced exceptional fourth quarter and full year financial performance for Walker & Dunlop,” commented Willy Walker, Chairman and CEO. “Record quarterly financial results, including total transaction volume of $27 billion, up 91% year over year, and total revenues of $407 million, up 16%, were driven by the continued strength of our debt brokerage and property sales operations, reflecting the transformation of Walker & Dunlop from a mortgage-centric finance company into a technology-enabled financial services firm. This resulted in dramatic adjusted EBITDA growth of 89% to $110 million, a record by a wide margin.”

Mr. Walker continued, “On top of generating incredible financial results, we made three highly strategic investments during 2021 in TapCap, Zelman & Associates, and Alliant Capital, further expanding the breadth of our platform to make significant progress towards our Drive to ’25 objectives. We are carrying strong momentum into 2022 with our expectation that the talented professionals we have recruited to W&D, the brand we have built, and the implementation of valuable technology solutions will allow us to continue to grow even faster in the future.”

1


The following information was filed by Walker Dunlop, Inc. (WD) on Thursday, February 3, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Walker Dunlop, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Income And Comprehensive Income
Acquisitions
Acquisitions (Tables)
Acquisitions - Acquisition Activity (Details)
Acquisitions - Alliant Capital (Details)
Acquisitions - Pro Forma Information (Details)
Debt
Debt (Tables)
Debt - Covenants And Terms (Detail)
Debt - Notes Payable - Maturities (Detail)
Debt - Notes Payable - Summary (Detail)
Debt - Notes Payable - Term Note Payable (Detail)
Debt - Summary Information (Detail)
Earnings Per Share And Stockholders Equity
Earnings Per Share And Stockholders Equity (Tables)
Earnings Per Share And Stockholders Equity - Basic And Diluted Eps (Detail)
Earnings Per Share And Stockholders' Equity - Other Equity Related Transactions (Detail)
Earnings Per Share And Stockholders' Equity - Restricted Stock Awards And Share Repurchases (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - General Information (Detail)
Fair Value Measurements - Schedule Of Carrying Amounts And The Fair Values Of The Company's Financial Instruments (Detail)
Fair Value Measurements - Schedule Of Fair Value Of Derivative Instruments And Loans Held For Sale (Detail)
Fair Value Measurements - Schedule Of Roll Forward Of Derivative Instruments (Detail)
Fair Value Measurements - Schedule Of Significant Unobservable Inputs Used In The Measurement Of The Fair Value Of Level 3 Assets And Liabilities (Detail)
Fair Value Measurements - Summary Of Financial Assets And Financial Liabilities Measured At Fair Value On A Recurring Basis (Detail)
Fannie Mae Commitments And Pledged Securities
Fannie Mae Commitments And Pledged Securities (Tables)
Fannie Mae Commitments And Pledged Securities - Agency Multifamily Mortgage Based Securities Pledged Securities (Detail)
Fannie Mae Commitments And Pledged Securities - Commitments (Detail)
Fannie Mae Commitments And Pledged Securities - Pledged Securities At Fair Value (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Contingent Consideration Liabilities (Detail)
Goodwill And Other Intangible Assets - Schedule Of Goodwill (Detail)
Guaranty Obligation And Allowance For Risk-Sharing Obligations
Guaranty Obligation And Allowance For Risk-Sharing Obligations (Tables)
Guaranty Obligation And Allowance For Risk-Sharing Obligations - Schedule Of Activity Related To Guaranty Obligation (Detail)
Guaranty Obligation And Allowance For Risk-Sharing Obligations - Summary Of Allowance For Risk-Sharing Obligations (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Provision (Details)
Income Taxes - Statutory Reconciliation (Details)
Leases
Leases (Tables)
Leases - Future Operating Lease Commitments (Details)
Leases - Operating Leases (Details)
Mortgage Servicing Rights
Mortgage Servicing Rights (Tables)
Mortgage Servicing Rights - Fair Value Disclosures (Detail)
Mortgage Servicing Rights - Prepayment Fees And Other Information (Detail)
Mortgage Servicing Rights - Schedule Of Activity Related To Msrs (Detail)
Mortgage Servicing Rights - Schedule Of Expected Amortization Of Msrs (Detail)
Mortgage Servicing Rights - Summary Of Components Of Net Carrying Value Of Acquired And Originated Msrs (Detail)
Organization
Organization (Details)
Other Operating Expenses
Other Operating Expenses (Details)
Other Operating Expenses (Tables)
Related Party Transaction
Related Party Transaction (Details)
Segments
Segments (Tables)
Segments - Concentration Of Risk (Details)
Segments - Geographic Concentration (Details)
Segments - Product Concentration (Details)
Servicing
Servicing - (Detail)
Share-Based Payment
Share-Based Payment (Tables)
Share-Based Payment - Compensation Costs (Details)
Share-Based Payment - Plan Activity (Details)
Share-Based Payment - Plan Information (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Allowance For Risk Sharing Obligations (Details)
Summary Of Significant Accounting Policies - Cash Flows (Detail)
Summary Of Significant Accounting Policies - Contracts With Customers And Asset Management Fees (Detail)
Summary Of Significant Accounting Policies - Derivative Assets And Liabilities (Details)
Summary Of Significant Accounting Policies - Goodwill (Detail)
Summary Of Significant Accounting Policies - Loans Held-For-Investment, Net (Detail)
Summary Of Significant Accounting Policies - Loans Held-For-Sale (Detail)
Summary Of Significant Accounting Policies - Net Warehouse Interest Income (Detail)
Summary Of Significant Accounting Policies - Provision For Credit Losses (Details)
Summary Of Significant Accounting Policies - Share-Based Payment (Detail)
Variable Interest Entities
Variable Interest Entities (Details)
Ticker: WD
CIK: 1497770
Form Type: 10-K Annual Report
Accession Number: 0001558370-22-001963
Submitted to the SEC: Thu Feb 24 2022 4:50:57 PM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Finance Services

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