v3.25.2
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 319,240 $ 270,676 $ 556,607 $ 498,735
Expenses        
Personnel 161,888 133,067 283,278 244,530
Amortization and depreciation 58,936 56,043 116,557 111,934
Provision (benefit) for credit losses 1,820 2,936 5,532 3,460
Interest expense on corporate debt 16,767 17,874 32,281 35,533
Other operating expenses 33,455 32,559 67,341 61,402
Total expenses 272,866 242,479 504,989 456,859
Income from operations 46,374 28,197 51,618 41,876
Income tax expense 12,425 7,902 14,944 10,766
Net income before noncontrolling interests 33,949 20,295 36,674 31,110
Less: net income (loss) from noncontrolling interests (3) (2,368) (32) (3,419)
Walker & Dunlop net income 33,952 22,663 36,706 34,529
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes 1,469 907 2,178 894
Walker & Dunlop comprehensive income $ 35,421 $ 23,570 $ 38,884 $ 35,423
Basic earnings per share (NOTE 10) $ 1 $ 0.67 $ 1.08 $ 1.02
Diluted earnings per share (NOTE 10) $ 0.99 $ 0.67 $ 1.07 $ 1.02
Basic weighted-average shares outstanding 33,358 33,121 33,311 33,050
Diluted weighted-average shares outstanding 33,371 33,154 33,333 33,101
Loan origination and debt brokerage fees, net        
Revenues        
Total revenues $ 94,309 $ 65,334 $ 140,690 $ 109,074
Fair value of expected net cash flows from servicing, net        
Revenues        
Total revenues 53,153 33,349 80,964 54,247
Servicing fees        
Revenues        
Total revenues 83,693 80,418 165,914 160,461
Property sales broker fees        
Revenues        
Total revenues 14,964 11,265 28,485 20,086
Investment management fees        
Revenues        
Total revenues 7,577 14,822 17,259 28,342
Net warehouse interest income (expense)        
Revenues        
Total revenues (1,760) (1,584) (2,546) (2,700)
Placement fees and other interest income        
Revenues        
Total revenues 35,986 41,040 69,197 80,442
Other revenues        
Revenues        
Total revenues $ 31,318 $ 26,032 $ 56,644 $ 48,783