Walker & Dunlop (NYSE: WD) reported Q4 EPS of $1.34, $0.05 better than the analyst estimate of $1.29. Revenue for the quarter came in at $217.2 million versus the consensus estimate of $205.9 million.

FOURTH QUARTER 2019 HIGHLIGHTS

• Record total transaction volume of $9.8 billion
• Record total revenues of $217.2 million
• Net income of $42.9 million and diluted earnings per share of $1.34
• Adjusted EBITDA1 of $64.1 million
• Servicing portfolio of $93.2 billion at December 31, 2019
• Increased quarterly dividend to $0.36 per share

Willy Walker, Chairman and CEO commented, "During 2019 we generated record total transaction volume of $32 billion and delivered fantastic financial results while investing heavily in new banking and brokerage talent as well as innovative technology solutions that will set the foundation for future growth. We generated diluted earnings per share of $5.45, up 10% from 2018, and adjusted EBITDA of $248 million, up 13% from the previous year."

Mr. Walker continued, "During the year, we successfully recruited 26 bankers and brokers to Walker & Dunlop, expanding our salesforce by 16%. This growth allowed us to build upon our leadership position in the multifamily financing market, finishing the year as the #1 Fannie Mae DUS lender and the #3 Freddie Mac Optigo lender. As we look to 2020 and beyond, we will carry on recruiting the very best bankers and brokers in the industry to expand our client base and core revenues, while also continuing to invest in new businesses such as asset management and appraisals to expand our service offering and relevance to our clients."

For earnings history and earnings-related data on Walker & Dunlop (WD) click here.