Walker & Dunlop Q2 revenue down 20%, EPS down 49% YoY on 63% volume drop

Walker & Dunlop, Inc.

2023-Q2 EPS reported $1.61 revenue$511,361,000

Total transaction volume of $8.4B, down 63% YoY; total revenues $272.6M (-20%).
Net income $27.6M, diluted EPS $0.82; adjusted EBITDA $70.5M (-26%).
Adjusted core EPS $0.98, down 44% from Q2 2022; declared Q3 dividend $0.63/share.
Servicing portfolio grew 6% to $126.6B; Agency MSR margin improved to 1.17% from 0.99%.
Management cited Fed tightening but saw sequential volume improvement of 25% from Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Walker & Dunlop, Inc. reported financial results for the quarter and year-to-date period ended June 30, 2023.

Period: the quarter and year-to-date period ended June 30, 2023
Result: reported results

Exact text from the filing

On August 3, 2023, Walker & Dunlop, Inc. (the “Company”) issued a press release reporting its financial results for the quarter and year-to-date period ended June 30, 2023.

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Walker & Dunlop, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-013033

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