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Walker Dunlop, Inc. (WD) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Walker Dunlop, Inc.

CIK: 1497770 Ticker: WD

Exhibit 99.1

 

Picture 2

 

 

Walker & Dunlop Caps Record Year with 80% Growth in Fourth Quarter Earnings

2016 Marks the Third Straight Year of Greater Than 30% Growth in Diluted EPS

 

 

 

 

 

 

 

 

FOURTH QUARTER 2016 HIGHLIGHTS

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Total revenues of $178.4 million, up 47% from Q4’15

Net income of $36.8 million, or $1.16 per diluted share, up 80% from Q4’15

Adjusted EBITDA1 of $34.6 million, up 19% from Q4’15

Total transaction volume of $6.3 billion, up 34% from Q4’15

 

 

FULL YEAR 2016 HIGHLIGHTS

 

 

Total revenues of $575.3 million, up 23% over 2015

Net income of $113.9 million or $3.65 per diluted share, up 39% over 2015

Total transaction volume of $19.3 billion, up 9% over 2015

Operating Margin of 32% compared to 29% in 2015

Increased number of mortgage bankers and investment sales brokers by 29% since Q1’16

Servicing portfolio of $63.1 billion at December 31, 2016, up 26% from December 31, 2015

Repurchased $9.2 million of stock during 2016; Board reauthorized share repurchases of up to $75 million over the next 12 months

 

 

Bethesda, MD – February 8, 2017

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported fourth quarter and full-year 2016 results, adding $1.00 in earnings per diluted share year over year. Total revenues were $178.4 million for the fourth quarter 2016, a 47% increase over the fourth quarter 2015.  Net income increased 80% from the fourth quarter 2015 to $36.8 million, or $1.16 per diluted share.    Adjusted EBITDA for the fourth quarter 2016 was $34.6 million compared to $29.0 million for the fourth quarter 2015, a 19% increase. Net income for 2016 increased 39% to $113.9 million, or $3.65 per diluted share, from $82.1 million, or $2.65 per diluted share, for 2015.  Total revenues were $575.3 million, a 23% increase from 2015 and well above the Company’s goal of $500 million. Adjusted EBITDA for 2016 was $129.9 million compared to $124.3 million in 2015, a 5% increase.

 

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The following information was filed by Walker Dunlop, Inc. (WD) on Wednesday, February 8, 2017 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 Changes In Equity
Consolidated Statements Of Income
Debt
Debt (tables)
Debt - Covenants And Terms (detail)
Debt - Notes Payable - Maturities (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 - 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
Organization (details)
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 - (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)
Subsequent Events
Subsequent Events (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 - Schedule Of Net Warehouse Interest Income (detail)
Summary Of Significant Accounting Policies - Schedule Of Provision (benefit) For Credit Losses (detail)
Summary Of Significant Accounting Policies - Share-based Payment (detail)
Summary Of Significant Accounting Policies - Statement Of Cash Flows (details)
Ticker: WD
CIK: 1497770
Form Type: 10-K Annual Report
Accession Number: 0001558370-17-000939
Submitted to the SEC: Fri Feb 24 2017 7:06:19 AM EST
Accepted by the SEC: Fri Feb 24 2017
Period: Saturday, December 31, 2016
Industry: Finance Services

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