---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007953"
form_type: "8-K"
ticker: "WD"
cik: "0001497770"
company_name: "Walker & Dunlop, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:40:32.784455+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Walker & Dunlop Q1'23: revenue -25%, GAAP EPS -63%, adj. core EPS +10%

## Summary
- Total transaction volume $6.7B, down 47% YoY; revenues $238.7M, down 25%.
- GAAP diluted EPS $0.79 (down 63%); adjusted core EPS $1.17 (up 10%).
- Adjusted EBITDA $68.0M, up 9%; servicing portfolio $124.6B, up 7%.
- Headcount reduced 8%; quarterly dividend unchanged at $0.63/share.
- Management expects GSE volumes to increase as banks pull back from CRE lending.

## SEC filing metadata
- accession: 0001558370-23-007953
- form_type: 8-K
- ticker: WD
- cik: 0001497770
- company_name: Walker & Dunlop, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497770/000155837023007953/0001558370-23-007953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497770/000155837023007953/wd-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007953
- JSON: https://secwatch.observer/filing/0001558370-23-007953.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007953.txt

## Key facts
- Earnings Releases
  Walker & Dunlop, Inc. reported first quarter of 2023 results: revenue $238.7 million, net income $26.7 million, EPS $0.79.
  - Period: first quarter of 2023
  - Revenue: $238.7 million
  - Net income: $26.7 million
  - EPS: $0.79
  - Result: reported results
  source text: FIRST QUARTER 2023 HIGHLIGHTS ● Total transaction volume of $6.7 billion, down 47% from Q1’22 ● Total revenues of $238.7 million, down 25% from Q1’22 ● Net income of $26.7 million and diluted earnings per share of $0.79, both down 63% from Q1’22
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497770/000155837023007953/0001558370-23-007953-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.