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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, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues            
Total revenues $ 272,615   $ 340,848   $ 511,361 $ 660,292
Expenses            
Personnel 133,305   168,368   251,918 312,549
Amortization and depreciation 56,292   61,103   113,258 117,255
Provision (benefit) for credit losses (734)   (4,840)   (11,509) (14,338)
Interest expense on corporate debt 17,010   6,412   32,284 12,817
Other operating expenses 30,730   36,195   54,793 68,409
Total expenses 236,603   267,238   440,744 496,692
Income from operations 36,012   73,610   70,617 163,600
Income tax expense 10,491   19,503   17,626 38,963
Net income before noncontrolling interests 25,521   54,107   52,991 124,637
Net income (loss) from noncontrolling interests (2,114) $ 805 (179) $ (679) (1,309) (858)
Walker & Dunlop net income 27,635 $ 26,665 54,286 $ 71,209 54,300 125,495
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes 156   (1,810)   103 (2,780)
Walker & Dunlop comprehensive income $ 27,791   $ 52,476   $ 54,403 $ 122,715
Basic earnings per share (NOTE 10) $ 0.82   $ 1.63   $ 1.62 $ 3.77
Diluted earnings per share (NOTE 10) $ 0.82   $ 1.61   $ 1.61 $ 3.73
Basic weighted-average shares outstanding 32,695   32,388   32,612 32,304
Diluted weighted-average shares outstanding 32,851   32,694   32,834 32,657
Loan origination and debt brokerage fees, Net            
Revenues            
Total revenues $ 64,968   $ 102,605   $ 112,052 $ 184,915
Fair value of expected net cash flows from servicing, net            
Revenues            
Total revenues 42,058   51,949   72,071 104,679
Servicing fees            
Revenues            
Total revenues 77,061   74,260   152,827 146,941
Property sales broker fees            
Revenues            
Total revenues 10,345   46,386   21,969 69,784
Investment management fees            
Revenues            
Total revenues 16,309   16,186   31,482 31,044
Net warehouse interest income            
Revenues            
Total revenues (1,526)   5,268   (1,525) 10,041
Escrow earnings and other interest income            
Revenues            
Total revenues 35,386   6,751   66,310 8,554
Other revenue            
Revenues            
Total revenues $ 28,014   $ 37,443   $ 56,175 $ 104,334