Exhibit 99.1

Picture 2

Walker & Dunlop Reports 169% Growth in Q4 Net Income to $99

Million, Leading to Record Adjusted EBITDA of $55 Million

Initiates $0.25 per Share Quarterly Dividend

 

 

FOURTH QUARTER 2017 HIGHLIGHTS

·

Total transaction volume of $8.3 billion, up 33% from Q4 '16

·

Record total revenues of $207.2 million, up 16% from Q4 '16

·

Record net income of $99.0 million, or $3.06 per diluted share, up 169% from Q4 '16

o

Net income benefitted from a $58.3 million, or $1.80 per diluted share, reduction to income tax expense from tax reform legislation

o

Without the benefit from tax reform legislation, net income was $40.7 million, or $1.26 per diluted share, up 11% from Q4 '16

·

Record adjusted EBITDA1 of $54.7 million, up 58% from Q4 '16

 

FULL-YEAR 2017 HIGHLIGHTS

·

Total transaction volume of $27.9 billion, a  45% increase from 2016

·

Total revenues of $711.9 million, a 24% increase from 2016

·

Net income of $211.1 million, or $6.56 per diluted share, an 85% increase from 2016

o

Without the benefit from tax reform legislation mentioned above, net income was $152.8 million, or $4.76 per diluted share, up 34% from 2016

·

Adjusted EBITDA of $201.0 million, up 55% from 2016

 

Bethesda, MD – February 7, 2018

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported record fourth quarter 2017 net income of $99.0 million, or $3.06 per diluted share, representing a 169% increase in net income over the fourth quarter 2016.  Without the benefit from tax legislation, net income was $40.7 million, or $1.26 per diluted share, an increase of 11%.  Total revenues for the fourth quarter 2017 were $207.2 million, a new quarterly record, up 16% from the prior-year fourth quarter. Adjusted EBITDA for the fourth quarter 2017 was $54.7 million, also a new quarterly record, up 58% compared to the fourth quarter 2016.

“Walker & Dunlop had a fantastic fourth quarter, capping off a phenomenal 2017,” commented Willy Walker, Chairman and CEO. “Record financial performance is a direct result of the client base we have built, the daily execution of the Walker & Dunlop team, and our business model. Every major financial metric was up dramatically from the previous year: total transaction volume of $28 billion was up 45%, net income of $211 million was up 85%, and adjusted EBITDA of $201 million was up 55%.  With strong fundamentals in the commercial real estate sector, and Walker & Dunlop’s scaled lending platform and brand recognition, we expect to continue growing our company and financial results significantly faster than the competition.”

Mr. Walker continued, “The dramatic growth of our lending platform and client base has built the eighth largest commercial loan servicing portfolio in the nation, which at over $75 billion, generates tremendous cash flow and adjusted EBITDA.  Walker & Dunlop’s EBITDA in 2017 is ten times what it was in 2010.  Due to the fundamentals of the multifamily lending market, the defendable market position we have created, and the cash flow streams our business model generates, Walker & Dunlop’s Board of Directors voted yesterday to initiate a $0.25 per share quarterly dividend. It is our expectation that we will increase the dividend over time while continuing to invest in the growth of our business.”

1

 


The following information was filed by Walker Dunlop, Inc. (WD) on Wednesday, February 7, 2018 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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