Yahoo Finance

• Total Transaction Volume: $13.4 billion in Q4 2024, up 45% year over year.

• Diluted Earnings Per Share (EPS): $1.32 for Q4 2024, up 42% from Q4 2023.

• Agency Loan Originations: $4.9 billion in Q4 2024.

• Revenue from Mortgage Servicing Rights: Up 62% from Q4 2023.

• Adjusted EBITDA: $95 million in Q4 2024, up 8% year over year.

• Adjusted Core EPS: $1.34 in Q4 2024, down 6% from last year.

• Full Year Diluted EPS: $3.19, flat from 2023.

• Full Year Adjusted Core EPS: $4.97, up 6% from 2023.

• Full Year Adjusted EBITDA: $329 million, up 9% from 2023.

• Fannie Mae Lending: $3.2 billion in Q4 2024, up 91% from Q4 2023.

• Freddie Mac Loan Originations: $1.6 billion in Q4 2024, up 19% year over year.

• Property Sales Transactions: $3.5 billion in Q4 2024, up 20% year over year.

• Full Year Property Sales: $9.8 billion, up 11% from 2023.

• Apprise Revenues: $13.3 million for 2024, up 43% year over year.

• Small Balance Lending Revenue Growth: 20% in 2024.

• Total Revenues: $1.1 billion for 2024, up 7% from 2023.

• Servicing Portfolio: $135 billion at year-end 2024.

• Quarterly Dividend: Increased to $0.67 per share, a 3% increase.

• Cash on Balance Sheet: $279 million at year-end 2024.

• Warning! GuruFocus has detected 6 Warning Signs with WD.

Release Date: February 13, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Walker & Dunlop Inc (NYSE:WD) closed 2024 with a strong performance, achieving a total transaction volume of $13.4 billion in Q4, up 45% year over year.

• The company maintained its position as Fannie Mae's largest dust partner for the sixth consecutive year, with a 91% increase in Fannie Mae lending in Q4.

• Walker & Dunlop Inc (NYSE:WD) achieved a record adjusted EBITDA of $329 million for the full year, up 9% from 2023.

• The company's small balance lending business grew total revenues by 20% in 2024, ending the year as the number-4 small balance GSE lender in the country.

• Walker & Dunlop Inc (NYSE:WD) expanded its capital markets business into the hospitality sector and Europe, indicating strategic growth and diversification.

Negative Points

• Adjusted core EPS for Q4 was $1.34, down 6% from the previous year, indicating some pressure on earnings.

• The company faced challenges with loan buybacks from GSEs due to mistakes made during the pandemic, leading to significant repurchase-related expenses.

• Walker & Dunlop Inc (NYSE:WD) experienced a $13 million downward adjustment in realization revenues from its affordable housing investment portfolio due to a slow sales market.

• The company reported $24 million in provision and repurchase-related expenses associated with loan buybacks in 2024.

• Despite strong performance, Walker & Dunlop Inc (NYSE:WD) lagged in total shareholder return in 2024 compared to its competitors.