Walker & Dunlop Inc
NYSE:WD

  • LAST PRICE
    111.9300
  • TODAY'S CHANGE (%)
    0.9400 (0.8469%)
  • Bid / Lots
    111.1700/ 1
  • Ask / Lots
    112.5800/ 1
  • Open / Previous Close
    111.8200 / 110.9900
  • Day Range
    110.9300
    113.5800
  • 52 Week Range
    68.8800
    118.1900
  • Volume
    183,295

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  • Nov 7, 2024

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    • 8:48AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: WD
      08:48 AM EST, 11/07/2024 (MT Newswires) -- Walker & Dunlop (WD) reported Q3 adjusted core earnings Thursday of $1.19 per share, up from $1.11 a year earlier. Four analysts polled by Capital IQ expected $1.39. Revenue for the quarter ended Sept. 30 w...

    • 6:05AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: WD
      06:05 AM EST, 11/07/2024 (MT Newswires) -- ...

    • 6:05AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: WD
      06:05 AM EST, 11/07/2024 (MT Newswires) -- ...

    • 6:00AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: WD
      (Loss) $(30,510) $(31,019) $(84,033) $ (80,146) Income tax expense (benefit) (9,007) (10,357) (27,531) (26,698) Interest expense on corporate debt 1,633 1,624 4,879 4,623 Amortization and depreciation 1,756 1,967 5,171 5,390 Stock-based compensation expense 2,179 2,705 6,303 7,814 ------- ------- ------- -------- Adjusted EBITDA $(33,949) $(35,080) $(95,211) $ (89,017) ======= ======= ======= ======== _______________ (1) For the three and nine months ended September 30, 2023, includes goodwill impairment of $14.0 million and contingent consideration liability fair value adjustment of $14.0 million. For the three and nine months ended September 30, 2024, there was no goodwill impairment or contingent consideration liability fair value adjustment that resulted in a triggering event for a goodwill impairment assessment. (2) The net write-offs for the nine months ended September 30, 2023 includes the $6.0 million write-off of a collateral-based reserve related to a loan held for investment during the second quarter of 2023. ADJUSTED CORE EPS RECONCILIATION Unaudited Quarterly Trends Nine months ended ----------------------------------------------------- September 30, ----------------------- (in thousands) Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 2024 2023 --------- --------- --------- --------- --------- --------- ------------ Reconciliation of Walker & Dunlop Net Income to Adjusted Core Net Income Walker & Dunlop Net Income $ 28,802 $ 22,663 $ 11,866 $ 31,599 $ 21,458 $ 63,331 $ 75,758 Provision (benefit) for credit losses 2,850 2,936 524 636 421 6,310 (11,088) Net write-offs(1) (468) -- -- -- (2,008) (468) (8,041) Amortization and depreciation 57,561 56,043 55,891 56,015 57,479 169,495 170,737 MSR income (43,426) (33,349) (20,898) (34,471) (35,375) (97,673) (107,446) Goodwill impairment -- -- -- 48,000 14,000 -- 14,000 Contingent consideration accretion and fair value adjustments (1,204) 822 512 (47,637) (13,426) 130 (13,073) Income tax expense adjustment(2) (3,602) (7,413) (7,543) (5,916) (5,285) (19,196) (11,267) ------- ------- ------- ------- ------- ------- -------- Adjusted Core Net Income $ 40,513 $ 41,702 $ 40,352 $ 48,226 $ 37,264 $121,929 $ 109,580 ======= ======= ======= ======= ======= ======= ======== Reconciliation of Diluted EPS to Adjusted core EPS Walker & Dunlop Net Income $ 28,802 $ 22,663 $ 11,866 $ 31,599 $ 21,458 $ 63,331 $ 75,758 Diluted weighted-average shares outstanding 33,203 33,154 33,048 32,941 32,895 33,135 32,853 ------- ------- ------- ------- ------- ------- -------- Diluted EPS $ 0.85 $ 0.67 $ 0.35 $ 0.93 $ 0.64 $ 1.87 $ 2.25 ======= ======= ======= ======= ======= ======= ======== Adjusted Core Net Income $ 40,513 $ 41,702 $ 40,352 $ 48,226 $ 37,264 $121,929 $ 109,580 Diluted weighted-average shares outstanding 33,203 33,154 33,048 32,941 32,895 33,135 32,853 ------- ------- ------- ------- ------- ------- -------- Adjusted Core EPS $ 1.19 $ 1.23 $ 1.19 $ 1.42 $ 1.11 $ 3.60 $ 3.25 ======= ======= ======= ======= ======= ======= ======== _______________ (1) The net write-offs for the nine months ended September 30, 2023 includes the $6.0 million write-off of a collateral-based reserve related to a loan held for investment during the second quarter of 2023. (2) Income tax impact of the above adjustments to adjusted core net income. Uses quarterly or annual effective tax rate as disclosed in the Condensed Consolidated Statements of Income and Comprehensive Income in this "press release."

    • 6:00AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: WD

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