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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 292,304 $ 268,743 $ 791,039 $ 780,104
Expenses        
Personnel 145,538 136,507 390,068 388,425
Amortization and depreciation 57,561 57,479 169,495 170,737
Provision (benefit) for credit losses 2,850 421 6,310 (11,088)
Interest expense on corporate debt 18,232 17,594 53,765 49,878
Goodwill impairment   14,000 0 14,000
Fair value adjustments to contingent consideration liabilities (1,366) (14,000) (1,366) (14,000)
Other operating expenses 31,984 28,529 93,386 83,322
Total expenses 254,799 240,530 711,658 681,274
Income (loss) from operations 37,505 28,213 79,381 98,830
Income tax expense 8,822 7,069 19,588 24,695
Net income (loss) before noncontrolling interests 28,683 21,144 59,793 74,135
Net income (loss) from noncontrolling interests (119) (314) (3,538) (1,623)
Walker & Dunlop net income (loss) 28,802 21,458 63,331 75,758
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes 1,051 (399) 1,945 (296)
Walker & Dunlop comprehensive income $ 29,853 $ 21,059 $ 65,276 $ 75,462
Basic earnings per share (NOTE 10) $ 0.85 $ 0.64 $ 1.87 $ 2.26
Diluted earnings per share (NOTE 10) $ 0.85 $ 0.64 $ 1.87 $ 2.25
Basic weighted-average shares outstanding 33,169 32,737 33,090 32,654
Diluted weighted-average shares outstanding 33,203 32,895 33,135 32,853
Loan origination and debt brokerage fees, net        
Revenues        
Total revenues $ 73,546 $ 56,149 $ 182,620 $ 168,201
Fair value of expected net cash flows from servicing, net        
Revenues        
Total revenues 43,426 35,375 97,673 107,446
Servicing fees        
Revenues        
Total revenues 82,222 79,200 242,683 232,027
Property sales broker fees        
Revenues        
Total revenues 19,322 16,862 39,408 38,831
Investment management fees        
Revenues        
Total revenues 11,744 13,362 40,086 44,844
Net warehouse interest income (expense)        
Revenues        
Total revenues (2,147) (2,031) (4,847) (3,556)
Placement fees and other interest income        
Revenues        
Total revenues 43,557 43,000 123,999 109,310
Other revenue        
Revenues        
Total revenues $ 20,634 $ 26,826 $ 69,417 $ 83,001