Walker & Dunlop, Inc. reported the quarter and year-to-date period ended March 31, 2026 results: revenue $301.3 million, net income $15.9 million, EPS $0.46 per diluted share.
“& Dunlop Reports First Quarter 2026 Financial Results FIRST QUARTER 2026 HIGHLIGHTS ● Total transaction volume of $13.7 billion, up 94% from Q1’25 ● Total revenues of $301.3 million, up 27% from Q1’25 ● Net income of $15.9 million and diluted earnings per share of $0.46, up 476% and 475%, respectively from Q1’25 ● Adjusted EBITDA (1) of $73.8 million, up 14%”
Debt Financings
Walker & Dunlop, Inc. amended credit facility of up to $2,500,000,000 with PNC Bank, National Association maturing March 1, 2027.
“On March 2, 2026, Walker & Dunlop, Inc. (the “ Company ”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “ Borrower ”), entered into a Seventeenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement (the “ Amendment ”) with PNC Bank, National Association, as Lender (“ PNC ”). The Amendment amends that certain Second Amended and Restated Warehousing Credit and Security Agreement, dated as of September 11, 2017, as previously amended (the “ Warehousing Agreement ”), by and among the Borrower, the Company and PNC to, among other things, (i) extend the maturity date of the Warehousing Agreement to March 1, 2027, (ii) decrease the Bulge Commitment Fee (as such term is defined in the Amendment) and (iii) commencing on March 2, 2026 and continuing until May 1, 2026, grant the Borrower a temporary one-time right to request an advance in an amount of up to $2,500,000,000 (the “ Limited Bulge Increase ”).”
Material Agreements
Walker & Dunlop, Inc. amended Seventeenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank, National Association valued at up to $2,500,000,000 (effective 2026-03-02).
“On March 2, 2026, Walker & Dunlop, Inc. (the “ Company ”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “ Borrower ”), entered into a Seventeenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement (the “ Amendment ”) with PNC Bank, National Association, as Lender (“ PNC ”).”
Material Agreements
Walker & Dunlop, Inc. amended Sixteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank, National Association (effective 2026-01-29).
“On January 29, 2026, Walker & Dunlop, Inc. (the “ Company ”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “ Borrower ”), entered into a Sixteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement (the “ Amendment ”) with PNC Bank, National Association, as Lender (“ PNC ”).”
Debt Financings
Walker & Dunlop, Inc. amended credit facility of $1,500,000,000 temporary increase; reverts to $1,000,000,000 with JPMorgan Chase Bank, N.A. at Not specified; pricing information in Side Letter maturing Extended to September 10, 2026.
“The Side Letter revises the definition of Facility Amount (as defined in the Side Letter) to reflect a temporary increase up to $1,500,000,000 for the period from September 11, 2025 through November 20, 2025, at which time it will revert to $1,000,000,000, up from $950,000,000.”
Gary S. Pinkus was elected as Director at Walker & Dunlop, Inc..
“the Board elected Gary S. Pinkus to the Board, effective immediately”
Richard M. Lucas resigned as Executive Vice President, General Counsel and Secretary at Walker & Dunlop, Inc..
“On May 23, 2024, Richard M. Lucas notified Walker & Dunlop, Inc. (the “Company”) of his decision to resign from his position as Executive Vice President, General Counsel and Secretary, effective immediately.”
Shareholder Votes
Walker & Dunlop, Inc. shareholders approved Approval of the adoption of the Walker & Dunlop, Inc. 2024 Equity Incentive Plan at the 2024-05-02 meeting.
“Approval of the adoption of the Plan: Votes For Votes Against Abstentions Broker Non-votes 26,697,530 414,414 27,622 3,288,146”
Shareholder Votes
Walker & Dunlop, Inc. shareholders approved Advisory resolution to approve executive compensation at the 2024-05-02 meeting.
“Advisory resolution to approve executive compensation: Votes For Votes Against Abstentions Broker Non-votes 26,688,263 423,300 28,004 3,288,146”
Shareholder Votes
Walker & Dunlop, Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-02 meeting.
“Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024: Votes For Votes Against Abstentions Broker Non-votes 29,914,767 491,994 20,952 —”
Shareholder Votes
Walker & Dunlop, Inc. shareholders approved Election of directors for a one-year term expiring at the 2025 Annual Meeting of Stockholders at the 2024-05-02 meeting.
“Election of directors for a one-year term expiring at the 2025 Annual Meeting of Stockholders: Votes For Votes Against Abstentions Broker Non-votes Jeffery R. Hayward 26,822,503 151,938 165,126 3,288,146”
William M. Walker was appointed as President at Walker & Dunlop, Inc..
“on May 2, 2024, the Board appointed William M. Walker, currently the Company’s Chairman of the Board and Chief Executive Officer, to also serve in the position of President, effective immediately.”
Earnings Releases
Walker & Dunlop, Inc. reported financial results for the quarter and year-to-date period ended March 31, 2024.
“On May 2, 2024 Walker & Dunlop, Inc. (the “Company”) issued a press release reporting its financial results for the quarter and year-to-date period ended March 31, 2024.”
Debt Financings
Walker & Dunlop, Inc. amended credit facility of Not specified with PNC Bank, National Association at Not specified maturing April 11, 2025.
“The Amendment amends that certain Second Amended and Restated Warehousing Credit and Security Agreement, dated as of September 11, 2017, as previously amended (the " Warehousing Agreement "), by and among the Borrower, the Company and PNC to, among other things, extend the maturity date of the Warehousing Agreement to April 11, 2025.”
Material Agreements
Walker & Dunlop, Inc. entered into Fourteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank, National Association valued at extended maturity date to April 11, 2025 (effective 2024-04-11).
“On April 11, 2024, Walker & Dunlop, Inc. (the “ Company ”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “ Borrower ”), entered into the Fourteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement (the “ Amendment ”) with PNC Bank, National Association, as Lender (“ PNC ”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.