Walker & Dunlop Grows Market Share in Challenging Q4
- Bethesda, Maryland | Feb. 21, 2023
Walker & Dunlop, Inc. reported total revenues of $282.9 million for the fourth quarter of 2022, a decrease of 31% year over year. Fourth quarter total transaction volume was $11.2 billion, down 59% year over year. Net income for the fourth quarter of 2022 was $41.5 million, or $1.24 per diluted share, down 48% and 49%, respectively, from the fourth quarter of 2021. Fourth quarter 2022 adjusted EBITDA1 was $92.6 million, down 16% over the same period in 2021. The Company’s Board of Directors authorized a 5% increase in the quarterly dividend to $0.63 per share, the fifth consecutive year the dividend has increased.