Last $14.37 USD
Change Today -0.38 / -2.58%
Volume 41.7K
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As of 8:04 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

walker & dunlop inc (WD) Key Developments

Walker & Dunlop, Inc. Appoints Laura Beaton as Vice President

Walker & Dunlop, Inc. announced that Laura Beaton has joined the company as vice president. Ms. Beaton will focus on originating commercial real estate loans for properties throughout the United States, based out of the Company's office in Boston, MA. Ms. Beaton joins the Company from Berkeley Point Capital LLC, where she served as vice president of underwriting operations.

Walker & Dunlop, Inc. Names Alison Williams as Vice President

Walker & Dunlop, Inc. announced that Alison Williams has joined the company as vice president. Ms. Williams will focus on originating commercial real estate debt and equity throughout the United States for all types of income-producing properties, based out of the company's office in Tampa, FL. Ms. Williams is an eleven year veteran of NorthMarq, where she served as vice president.

Walker & Dunlop, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Write-Offs for the Second Quarter Ended June 30, 2014

Walker & Dunlop, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $85,286,000 against $90,734,000 a year ago. Income from operations was $20,931,000 against $23,802,000 a year ago. Net income was $12,914,000 or $0.40 per diluted share against $14,543,000 or $0.42 per diluted share a year ago. Adjusted net income was $12,914,000 or $0.40 per diluted share against $15,310,000 or $0.44 per diluted share a year ago. Adjusted income from operations was $20,931,000 against $25,057,000 a year ago. Adjusted EBITDA was $20,921,000 against $13,985,000 a year ago. The decrease in total Revenue was driven by a 17% decline in mortgage banking gains, partially offset by a more than 700% increase in net interest income from loans made on the company's balance sheet, a 56% increase in other revenues and a 7% increase in servicing fees. The increase in adjusted EBITDA was primarily due to growth in servicing fees, increased interest income from loans held for sale and loans held for investment, an increase in prepayment fees, and the benefit of the reduced compensation and other operating expenses year over year. For the six months period, the company reported revenues of $150,119,000 against $159,919,000 a year ago. Income from operations was $32,841,000 against $36,132,000 a year ago. Net income was $20,058,000 or $0.61 per diluted share against $22,269,000 or $0.65 per diluted share a year ago. Adjusted net income was $20,372,000 or $0.62 per diluted share against $23,817,000 or $0.69 per diluted share a year ago. Adjusted income from operations was $33,350,000 against $38,666,000 a year ago. Adjusted EBITDA was $40,714,000 against $27,725,000 a year ago. The decrease in total Revenue was largely driven by an 8% decrease in loan originations from $4.3 billion to $4.0 billion which also contributed to the decrease in gains from mortgage banking activities from $106.0 million to $86.8 million. The increase in adjusted EBITDA was driven by growth in the company's non-origination income such as servicing fees and net interest income, as well as by continued expense management. For the quarter, the company reported net write-offs of $1,264,000 against $4,500,000 a year ago.

Walker & Dunlop, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Walker & Dunlop, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 06, 2014

Walker & Dunlop, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Walker & Dunlop, Inc., Q2 2014 Earnings Call, Aug 06, 2014

 

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