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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues                
Total revenues $ 315,611     $ 346,290     $ 975,903 $ 851,989
Expenses                
Personnel 157,059     170,181     469,608 407,817
Amortization and depreciation 59,846     53,498     177,101 148,879
Provision (benefit) for credit losses 1,218     1,266     (13,120) (14,380)
Interest expense on corporate debt 9,306     1,766     22,123 5,291
Other operating expenses 33,991     24,836     102,400 62,171
Total expenses 261,420     251,547     758,112 609,778
Income from operations 54,191     94,743     217,791 242,211
Income tax expense 7,532     22,953     46,495 56,311
Net income before noncontrolling interests 46,659     71,790     171,296 185,900
Less: net income (loss) from noncontrolling interests (174) $ (179) $ (679) 69     (1,032) 69
Walker and Dunlop net income 46,833 $ 54,286 $ 71,209 71,721 $ 56,058 $ 58,052 172,328 185,831
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes (1,238)     159     (4,018) 769
Walker and Dunlop comprehensive income $ 45,595     $ 71,880     $ 168,310 $ 186,600
Basic earnings per share (NOTE 10) $ 1.41     $ 2.23     $ 5.18 $ 5.80
Diluted earnings per share (NOTE 10) $ 1.40     $ 2.21     $ 5.13 $ 5.73
Basic weighted average shares outstanding 32,290     31,064     32,300 30,969
Diluted weighted average shares outstanding 32,620     31,459     32,645 31,367
Loan origination and debt brokerage fees, Net                
Revenues                
Total revenues $ 90,858     $ 123,242     $ 275,773 $ 306,593
Fair value of expected net cash flows from servicing, net                
Revenues                
Total revenues 55,291     89,482     159,970 209,266
Servicing fees                
Revenues                
Total revenues 75,975     70,628     222,916 205,658
Property sales broker fees                
Revenues                
Total revenues 30,308     33,677     100,092 65,173
Investment management fees                
Revenues                
Total revenues 16,301     2,564     47,345 9,115
Net warehouse interest income                
Revenues                
Total revenues 3,980     5,583     14,021 14,768
Escrow earnings and other interest income                
Revenues                
Total revenues 18,129     2,032     26,683 5,972
Other revenue                
Revenues                
Total revenues $ 24,769     $ 19,082     $ 129,103 $ 35,444