​

For the three months ended June 30, 

​

For the six months ended June 30, 

​

EPS Calculations (in thousands, except per share amounts)

2025

​

2024

​

2025

​

2024

​

Calculation of basic EPS

​

​

​

​

​

​

​

​

​

​

​

​

​

Walker & Dunlop net income

$

33,952

​

$

22,663

​

$

36,706

​

$

34,529

​

​

Less: dividends and undistributed earnings allocated to participating securities

790

​

514

​

877

​

810

​

​

Net income applicable to common stockholders

$

33,162

​

$

22,149

​

$

35,829

​

$

33,719

​

​

Weighted-average basic shares outstanding

​

33,358

​

​

33,121

​

​

33,311

​

​

33,050

​

​

Basic EPS

$

1.00

​

$

0.67

​

$

1.08

​

$

1.02

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Calculation of diluted EPS

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income applicable to common stockholders

$

33,162

​

$

22,149

​

$

35,829

​

$

33,719

​

​

Add: reallocation of dividends and undistributed earnings based on assumed conversion

​

—

​

​

—

​

​

—

​

​

—

​

​

Net income allocated to common stockholders

$

33,162

​

$

22,149

​

$

35,829

​

$

33,719

​

​

Weighted-average basic shares outstanding

​

33,358

​

​

33,121

​

​

33,311

​

​

33,050

​

​

Add: weighted-average diluted non-participating securities

​

13

​

​

33

​

​

22

​

​

51

​

​

Weighted-average diluted shares outstanding

​

33,371

​

​

33,154

​

​

33,333

​

​

33,101

​

​

Diluted EPS

$

0.99

​

$

0.67

​

$

1.07

​

$

1.02

​

​