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Walker & Dunlop Reports 169% Growth in Q4 Net Income to $99 Million, Leading to Record Adjusted EBITDA of $55 Million

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BETHESDA, Md., Feb. 7, 2018 /PRNewswire/ —

FOURTH QUARTER 2017 HIGHLIGHTS

Total transaction volume of $8.3 billion, up 33% from Q4 ’16 Record total revenues of $207.2 million, up 16% from Q4 ’16 Record net income of $99.0 million, or $3.06 per diluted share, up 169% from Q4 ’16 Net income benefitted from a $58.3 million, or $1.80 per diluted share, reduction to income tax expense from tax reform legislation Without the benefit from tax reform legislation, net income was $40.7 million, or $1.26 per diluted share, up 11% from Q4 ’16 Record adjusted EBITDA1 of $54.7 million, up 58% from Q4 ’16

FULL-YEAR 2017 HIGHLIGHTS

Total transaction volume of $27.9 billion, a 45% increase from 2016 Total revenues of $711.9 million, a 24% increase from 2016 Net income of $211.1 million, or $6.56 per diluted share, an 85% increase from 2016 Without the benefit from tax reform legislation mentioned above, net income was $152.8 million, or $4.76 per diluted share, up 34% from 2016 Adjusted EBITDA of $201.0 million, up 55% from 2016

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported record fourth quarter 2017 net income of $99.0 million, or $3.06 per diluted share, representing a 169% increase in net income over the fourth quarter 2016. Without the benefit from tax legislation, net income was $40.7 million, or $1.26 per diluted share, an increase of 11%. Total revenues for the fourth quarter 2017 were $207.2 million, a new quarterly record, up 16% from the prior-year fourth quarter. Adjusted EBITDA for the fourth quarter 2017 was $54.7 million, also a new quarterly record, up 58% compared to the fourth quarter 2016.

“Walker & Dunlop had a fantastic fourth quarter, capping off a phenomenal 2017,” commented Willy Walker, Chairman and CEO. “Record financial performance is a direct result of the client base we have built, the daily execution of the Walker & Dunlop team, and our business model. Every major financial metric was up dramatically from the previous year: total transaction volume of $28 billion was up 45%, net income of $211 million was up 85%, and adjusted EBITDA of $201 million was up 55%.  With strong fundamentals in the commercial real estate sector, and Walker & Dunlop’s scaled lending platform and brand recognition, we expect to continue growing our company and financial results significantly faster than the competition.”

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