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

C:\Users\charvey\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\B2SOPSAG\Q4 2016 Earnings Infographic-with border and outlines-01 (003).png

 

 

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.

 

1


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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