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Walker Dunlop, Inc. (WD) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Walker Dunlop, Inc.

CIK: 1497770 Ticker: WD

Exhibit 99.1

 

Picture 2

 

Walker & Dunlop Announces

Record 2015 Results and Share Buyback

Company Sees Continued Strength in Core GSE Lending Platform

 

FOURTH QUARTER 2015 HIGHLIGHTS

 

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Net income of $20.4 million, or $0.67 per diluted share, up 26% from Q4 '14

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Total transaction volume of $4.7 billion, up 10% from Q4 '14

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Total revenues of $121.4 million, up 8% from Q4 '14

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Adjusted EBITDA1 of $29.0 million, up 24% from Q4 '14

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Servicing portfolio of $50.2 billion at December 31, 2015, up 14% from Q4’14

 

FULL YEAR 2015 HIGHLIGHTS

 

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Net income of $82.1 million or $2.65 per diluted share, up 60% over 2014

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Total transaction volume of $17.8  billion, up 56% over 2014

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Total revenues of $468.2 million, up 30% over 2014

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Adjusted EBITDA of $124.3 million, up 47% over 2014

 

 

Bethesda, MD – February 10, 2016Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported today fourth quarter and full year 2015 results and that its Board of Directors authorized the repurchase of up to $75 million in stock over the next year. Net income increased  26% from the fourth quarter 2014 to $20.4 million or $0.67 per diluted share. Total revenues were $121.4 million for the fourth quarter 2015, an 8% increase over the fourth quarter 2014.  Adjusted EBITDA for the fourth quarter 2015 was $29.0 million compared to $23.4 million for the fourth quarter 2014, a 24% increase. Net income for 2015 increased 60% to $82.1 million, or $2.65 per diluted share, from $51.4 million, or $1.58 per diluted share for 2014.  Total revenues for 2015 were $468.2 million, a 30% increase from 2014.  Adjusted EBITDA for 2015 was $124.3 million compared to $84.8 million in 2014, a  47% increase.

 

“Walker & Dunlop went public in 2010 to raise capital and build a scaled, national real estate finance platform in anticipation of the 2015 through 2017 refinancing wave.  Our record 2015 results reflect the tremendous success we have achieved in acquiring companies, hiring exceptional professionals, exceeding our clients’ expectations, and establishing one of the strongest brands in the industry," commented Willy Walker, Walker & Dunlop’s Chairman and CEO. "The current turmoil in the equity and debt capital markets presents opportunities for our company.  Our core GSE lending business, which represented 70% of our 2015 loan originations, will remain the go-to source of financing for owners of multifamily real estate. Our brokerage business, where we have grown originations at a 49% compound annual growth rate over the past four years, will continue to expand as hundreds of billions of dollars of commercial mortgages come up for refinancing.  And our loan servicing portfolio, which grew to $50 billion at the end of 2015 and is comprised of predominantly low-leverage, multifamily loans, will continue to kick-off increasing volumes of high-margin revenues over the coming years.  Walker commented further, "We believe continued investment in commercial real estate, low interest rates, and a swell of maturing loans will propel our business for

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The following information was filed by Walker Dunlop, Inc. (WD) on Wednesday, February 10, 2016 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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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 Income
Consolidated Statements Of Stockholders??? Equity
Business Combinations
Business Combinations (tables)
Business Combinations - Consideration Transferred (details)
Business Combinations - Summary Of Purchase Price Allocation As Of Acquisition Date (detail)
Business Combinations - Summary Of Revenue And Earnings Of Combined Entity (detail)
Debt
Debt (tables)
Debt - Covenants And Terms (detail)
Debt - Notes Payable - Summary (detail)
Debt - Notes Payable - Terms (detail)
Debt - Summary Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Antidilutive Securities (detail)
Earnings Per Share - Restricted Stock Awards And Share Repurchases (detail)
Earnings Per Share - Schedule Of Weighted Average Shares And Share Equivalents That Are Used To Calculate Basic And Diluted Earnings Per Share (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)
Gains From Mortgage Banking Activities
Gains From Mortgage Banking Activities (details)
Gains From Mortgage Banking Activities (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (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)
Income Taxes - Tax Uncertainties (details)
Litigation, Commitments, And Contingencies
Litigation, Commitments, And Contingencies (tables)
Litigation, Commitments, And Contingencies - Commitments (detail)
Litigation, Commitments, And Contingencies - Litigation (detail)
Litigation, Commitments, And Contingencies - Other Commitments (detail)
Litigation, Commitments, And Contingencies - Schedule Of Future Minimum Lease Payments (detail)
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 Capitalized 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
Other Operating Expenses
Other Operating Expenses (details)
Other Operating Expenses (tables)
Quarterly Results (unaudited)
Quarterly Results (unaudited) (details)
Quarterly Results (unaudited) (tables)
Segments
Segments (tables)
Segments - Concentration Of Risk (details)
Segments - Geographic Concentration (details)
Segments - Product Concentration (details)
Servicing
Servicing - Additional Information (detail)
Share-based Payment
Share-based Payment (tables)
Share-based Payment - Compensation Costs (details)
Share-based Payment - Fair Value Assumptions (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 - Cash Equivalents And Recent Accounting Pronouncements (detail)
Summary Of Significant Accounting Policies - Goodwill (detail)
Summary Of Significant Accounting Policies - Income Taxes And Pledged Securities (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 - Mortgage Banking And Guaranty Obligations (detail)
Summary Of Significant Accounting Policies - Principles Of Consolidation (details)
Summary Of Significant Accounting Policies - Schedule Of Net Warehouse Interest Income (detail)
Summary Of Significant Accounting Policies - Schedule Of Provision For Credit Losses (detail)
Summary Of Significant Accounting Policies - Share-based Payment (detail)
Ticker: WD
CIK: 1497770
Form Type: 10-K Annual Report
Accession Number: 0001558370-16-003573
Submitted to the SEC: Fri Feb 26 2016 6:13:32 AM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Finance Services

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