- Q1 net income of $21.3M or $0.66 per share vs. $7.1M and $0.21 one year ago. Adjusted EBITDA of $35.4M up from $19.8M.
- Loan origination volume of $4.3B up 175%.
- "The wave has hit," says CEO Willy Walker, noting the company has been ramping up acquisitions of businesses and talent in anticipation of a commercial refinancing wave over the next few years.
- Servicing portfolio of $46.1B up 18% Y/Y. Servicing fees of $26.8M up 15%.
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Conference call at 8:30
- Previously: Walker & Dunlop beats by $0.32, beats on revenue (May 6)
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WD +7.2% premarket