XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 268,743 $ 315,611 $ 780,104 $ 975,903
Expenses        
Personnel 136,507 157,059 388,425 469,608
Amortization and depreciation 57,479 59,846 170,737 177,101
Provision (benefit) for credit losses 421 1,218 (11,088) (13,120)
Interest expense on corporate debt 17,594 9,306 49,878 22,123
Other operating expenses 28,529 33,991 83,322 102,400
Total expenses 240,530 261,420 681,274 758,112
Income (loss) from operations 28,213 54,191 98,830 217,791
Income tax expense 7,069 7,532 24,695 46,495
Net income (loss) before noncontrolling interests 21,144 46,659 74,135 171,296
Net income (loss) from noncontrolling interests (314) (174) (1,623) (1,032)
Walker & Dunlop net income (loss) 21,458 46,833 75,758 172,328
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes (399) (1,238) (296) (4,018)
Walker & Dunlop comprehensive income $ 21,059 $ 45,595 $ 75,462 $ 168,310
Basic earnings per share (NOTE 10) $ 0.64 $ 1.41 $ 2.26 $ 5.18
Diluted earnings per share (NOTE 10) $ 0.64 $ 1.40 $ 2.25 $ 5.13
Basic weighted-average shares outstanding 32,737 32,290 32,654 32,300
Diluted weighted-average shares outstanding 32,895 32,620 32,853 32,645
Loan origination and debt brokerage fees, Net        
Revenues        
Total revenues $ 56,149 $ 90,858 $ 168,201 $ 275,773
Fair value of expected net cash flows from servicing, net        
Revenues        
Total revenues 35,375 55,291 107,446 159,970
Servicing fees        
Revenues        
Total revenues 79,200 75,975 232,027 222,916
Property sales broker fees        
Revenues        
Total revenues 16,862 30,308 38,831 100,092
Investment management fees        
Revenues        
Total revenues 13,362 16,301 44,844 47,345
Net warehouse interest income (expense)        
Revenues        
Total revenues (2,031) 3,980 (3,556) 14,021
Placement fees and other interest income        
Revenues        
Total revenues 43,000 18,129 109,310 26,683
Other revenue        
Revenues        
Total revenues $ 26,826 $ 24,769 $ 83,001 $ 129,103