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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 340,848 $ 281,411 $ 660,292 $ 505,699
Expenses        
Personnel 168,368 141,421 312,549 237,636
Amortization and depreciation 61,103 48,510 117,255 95,381
Provision (benefit) for credit losses (4,840) (4,326) (14,338) (15,646)
Interest expense on corporate debt 6,412 1,760 12,817 3,525
Other operating expenses 36,195 19,748 68,409 37,335
Total expenses 267,238 207,113 496,692 358,231
Income from operations 73,610 74,298 163,600 147,468
Income tax expense 19,503 18,240 38,963 33,358
Net income before noncontrolling interests 54,107 56,058 124,637 114,110
Less: net income (loss) from noncontrolling interests (179)   (858)  
Walker and Dunlop net income 54,286 56,058 125,495 114,110
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes (1,810) 768 (2,780) 610
Walker and Dunlop comprehensive income $ 52,476 $ 56,826 $ 122,715 $ 114,720
Basic earnings per share (NOTE 10) $ 1.63 $ 1.75 $ 3.77 $ 3.57
Diluted earnings per share (NOTE 10) $ 1.61 $ 1.73 $ 3.73 $ 3.52
Basic weighted average shares outstanding 32,388 31,019 32,304 30,922
Diluted weighted average shares outstanding 32,694 31,370 32,657 31,322
Loan origination and debt brokerage fees, Net        
Revenues        
Total revenues $ 102,605 $ 107,472 $ 184,915 $ 183,351
Fair value of expected net cash flows from servicing, net        
Revenues        
Total revenues 51,949 61,849 104,679 119,784
Servicing fees        
Revenues        
Total revenues 74,260 69,052 146,941 135,030
Property sales broker fees        
Revenues        
Total revenues 46,386 22,454 69,784 31,496
Investment management fees        
Revenues        
Total revenues 10,282 3,815 22,930 6,551
Net warehouse interest income        
Revenues        
Total revenues 5,268 4,630 10,041 9,185
Escrow earnings and other interest income        
Revenues        
Total revenues 6,751 1,823 8,554 3,940
Other revenue        
Revenues        
Total revenues $ 43,347 $ 10,316 $ 112,448 $ 16,362