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Walker Dunlop, Inc. (WD) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Walker Dunlop, Inc.

CIK: 1497770 Ticker: WD

Exhibit 99.1

Graphic

Walker & Dunlop Revenues Increase 11% to $281 Million
as Services Businesses Expand Dramatically

SECOND QUARTER 2021 HIGHLIGHTS

Total transaction volume of $13.5 billion, up 90% from Q2’20
Total revenues of $281.4 million, up 11% from Q2’20
Net income of $56.1 million and diluted earnings per share of $1.73, down 10% and 11%, respectively, from Q2’20
Adjusted EBITDA1of $66.5 million, up 37% from Q2’20
Servicing portfolio of $112.3 billion at June 30, 2021, up 12% from June 30, 2020
Benefit for credit losses of $4.3 million resulted in a $0.10 benefit to diluted earnings per share
Declared quarterly dividend of $0.50 per share for the third quarter

YEAR-TO-DATE 2021 HIGHLIGHTS

Total transaction volume of $22.6 billion, up 22% from 2020
Total revenues of $505.7 million, up 4% from 2020
Net income of $114.1 million and diluted earnings per share of $3.52, up 4% and 2%, respectively, from 2020
Adjusted EBITDA1of $127.2 million, up 13% from 2020

Bethesda, MD – August 5, 2021Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported second quarter 2021 total revenues of $281.4 million, an increase of 11% year over year. Net income for the second quarter of 2021 was $56.1 million, or $1.73 per diluted share, down 10% and 11%, respectively, from the second quarter of 2020. Second quarter total transaction volume of $13.5 billion was up 90% from the second quarter of 2020, driven by record volumes of brokered debt and property sales, which increased 320% and 648%, respectively. Second quarter 2021 adjusted EBITDA1 was $66.5 million, up 37% over the same period in 2020. The Company held $326.5 million of cash and cash equivalents as of June 30, 2021.

Willy Walker, Chairman and CEO, commented, “We generated total revenues of $281 million, up 11% from the second quarter of 2020, with a dramatic increase in the cash component of our revenues due to record debt brokerage and property sales volumes in the quarter. As a result, adjusted EBITDA was up 37% year-over year to $67 million.”

Mr. Walker continued, “The investments we are making to hire the very best people, expand our brand, and apply innovative technology to our business are resulting in broader capabilities at Walker & Dunlop, reflected in the 90% increase in transaction volume in Q2. These investments in people, brand, and technology are transforming our business from a mortgage-focused specialty finance company into a technology-enabled real estate services firm that executes and delivers capital solutions better, faster, and cheaper. As the fourth largest lender on commercial real estate in the United States, yet with only 1,100 employees, W&D is uniquely positioned to combine our people, brand and technology to scale our lending and services businesses into new markets, as we are doing today in small balance lending and appraisals, and accelerate our growth.”

1


The following information was filed by Walker Dunlop, Inc. (WD) on Thursday, August 5, 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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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 - Acquisition Activity (Detail)
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 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)
Pending Acquisition Activities
Pending Acquisition Activities (Detail)
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: 0001558370-21-014425
Submitted to the SEC: Thu Nov 04 2021 6:14:43 AM EST
Accepted by the SEC: Thu Nov 04 2021
Period: Thursday, September 30, 2021
Industry: Finance Services

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