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Walker Dunlop, Inc. (WD) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Walker Dunlop, Inc.

CIK: 1497770 Ticker: WD

Exhibit 99.1

Graphic

Walker & Dunlop Q4 Revenues up 61% to $350 Million

and Net Income up 94% to $83 Million

FOURTH QUARTER 2020 HIGHLIGHTS

Total revenues of $349.7 million, up 61% from Q4’19
Total transaction volume of $14.2 billion, up 45% from Q4’19
Net income of $83.1 million, up 94% from Q4’19 and diluted earnings per share of $2.59, up 93% from Q4’19
Servicing portfolio of $107.2 billion at December 31, 2020, up 15% from December 31, 2019
Increased quarterly dividend by 39% to $0.50 per share

FULL-YEAR 2020 HIGHLIGHTS

Record total revenues of $1.1 billion, up 33% from 2019
Total transaction volume of $41.1 billion, up 29% from 2019
Net income of $246.2 million, up 42% from 2019 and diluted earnings per share of $7.69, up 41% from 2019

Bethesda, MD – February 4, 2021

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported fourth quarter 2020 total revenues of $349.7 million, an increase of 61% over the fourth quarter of 2019. Net income for the fourth quarter of 2020 was $83.1 million, or $2.59 per diluted share, up 94% and 93%, respectively, from the fourth quarter of 2019. Fourth quarter 2020 adjusted EBITDA(1) was $58.2 million, down 9% over the same period in 2019. Fourth quarter total transaction volume increased 45% from the fourth quarter of 2019 to $14.2 billion, with debt financing and property sales volume up 45% and 44%, respectively. The Company’s Board of Directors authorized an increase in the quarterly dividend by 39% to $0.50 per share.

Willy Walker, Chairman and CEO commented, "Our fourth-quarter financial performance was exceptional, closing out a transformative year for Walker & Dunlop, with our people, brand, and technology coming together to produce fantastic results for our clients and shareholders. These same growth drivers also contributed to our success in capturing new clients and loans to the company – in 2020, 66% of the loans we refinanced were new to Walker & Dunlop, and 23% of our total transaction volume was with new clients who had never worked with us before. Further, we ended the year with record volumes across the board, generating total debt financing and property sales volume of $41.1 billion, up 29% from 2019, which pushed annual total revenues to $1.1 billion, exceeding the target we established in 2015 to double revenues in five years. All of these achievements during the year contributed to record diluted earnings per share of $7.69, up 41% over 2019."

 

Mr. Walker continued, "Despite the many challenges that 2020 presented, our team continued to deliver for our clients, our communities, and one another every single day. As we move into 2021 and focus on our new five-year growth plan, the Drive to '25, we will continue to attract top talent to the platform, expand our brand through innovative marketing solutions, and use technology to be more insightful to clients, all helping us in our pursuit to become the premier commercial real estate finance company in the United States.”

1


The following information was filed by Walker Dunlop, Inc. (WD) on Thursday, February 4, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Walker Dunlop, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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Inside Walker Dunlop, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly 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
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 - Share Repurchase And Dividends (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)
Mortgage Servicing Rights
Mortgage Servicing Rights (Tables)
Mortgage Servicing Rights - Fair Value Disclosures (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 And Basis Of Presentation
Organization And Basis Of Presentation (Details)
Servicing
Servicing - (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Cash Flows (Detail)
Summary Of Significant Accounting Policies - Contracts With Customers (Detail)
Summary Of Significant Accounting Policies - Derivative Assets And Liabilities (Details)
Summary Of Significant Accounting Policies - Income Taxes (Detail)
Summary Of Significant Accounting Policies - Loans Held-For-Investment, Net (Detail)
Summary Of Significant Accounting Policies - Schedule Of Net Warehouse Interest Income (Detail)
Summary Of Significant Accounting Policies - Schedule Of Provision For Credit Losses (Details)
Warehouse Notes Payable
Warehouse Notes Payable (Tables)
Warehouse Notes Payable - Summary Information (Detail)
Ticker: WD
CIK: 1497770
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-21-006040
Submitted to the SEC: Thu May 06 2021 6:17:35 AM EST
Accepted by the SEC: Thu May 06 2021
Period: Wednesday, March 31, 2021
Industry: Finance Services

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