Every 8-K that Walker & Dunlop, Inc. (WD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WD filings page.
Walker & Dunlop reported second quarter 2026 revenue of $306,690 (in thousands) and net income of $3,006 (in thousands), or $0.09 diluted EPS, compared with $33,952 (in thousands) and $0.99 a year earlier. Results include $23.2 million of operating and credit-related expenses tied to legacy indemnified and repurchased loans, along with a higher provision for credit losses. Adjusted EBITDA was $62,129 (in thousands), and adjusted core EPS was $1.19.
The Capital Markets team generated $14.4 billion of total transaction volume, up 3% year over year, with debt financing volume of $12.5 billion. Year-to-date, debt financing volume increased 44% to $24.3 billion. The servicing portfolio grew to $145.8 billion with a 7.1-year weighted-average remaining term, and total managed portfolio reached $164.5 billion. Defaulted loans were $198.6 million, 0.28% of the at-risk portfolio.
The company is executing a disposition strategy on its repurchased loan portfolio, reducing that exposure by $39.4 million after quarter end to $153.8 million, backed by $41.7 million of credit-related reserves. The Board declared a quarterly dividend of $0.68 per share for the third quarter of 2026 and maintains a $75.0 million stock repurchase program, with $61.7 million of capacity remaining as of June 30, 2026.
Walker & Dunlop, Inc. reported the final voting results from its 2026 Annual Meeting of Stockholders held on May 19, 2026. Stockholders cast between 24.5 million and 26.3 million votes in favor of each of eight director nominees, with comparatively few votes against or abstentions and over 3.0 million broker non-votes on each director item.
On another matter, stockholders cast 28,770,885 votes for, 802,840 against, and 16,838 abstentions. A further item received 18,276,382 votes for, 7,493,052 against, 723,057 abstentions, and 3,098,072 broker non-votes.
Walker & Dunlop reported a strong first quarter of 2026, with sharp growth in activity and earnings. Total transaction volume rose 94% year over year to $13.7 billion, while total revenues increased 27% to $301.3 million. Net income jumped 476% to $15.9 million, or $0.46 per diluted share, and adjusted core EPS grew 20% to $1.02. The servicing portfolio expanded 8% year over year to $146.4 billion and total managed portfolio reached $164.9 billion. Results included $10.1 million of indemnified and repurchased loan expenses. The Board declared a $0.68 per-share dividend for the second quarter and authorized up to $75 million of share repurchases, of which $13.3 million was used to retire 283 thousand shares in the quarter.
Walker & Dunlop, Inc. held a virtual Investor Day outlining its long-term “Journey to ’30” growth strategy for its commercial real estate capital markets platform. Management highlighted how technology, servicing, capital markets and affordable housing are intended to work together to drive scale, recurring revenue and client retention.
For 2025, the company shows diluted EPS of $3.35, adjusted core EPS of $3.39, and adjusted EBITDA excluding charges of $315,905 thousand. For 2026, it targets diluted EPS of $3.50–$4.00, adjusted core EPS of $4.50–$5.00, and adjusted EBITDA of $300–$325 million.
By 2030, Walker & Dunlop is aiming for total revenues of $2 billion+, adjusted EBITDA of $400–$500 million, diluted EPS of $8.00–$10.00, and adjusted core EPS of $8.00–$10.00, supported by goals of $80 billion+ in annual debt origination volume and $35 billion+ in property sales volume. The company emphasizes non‑GAAP metrics such as adjusted EBITDA and adjusted core EPS to describe its outlook.
Walker & Dunlop, Inc. entered into a Seventeenth Amendment to its Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank. The amendment extends the facility’s maturity to March 1, 2027, decreases the Bulge Commitment Fee, and adds short-term borrowing flexibility.
From March 2, 2026 until May 1, 2026, the borrower may request a one-time advance of up to $2,500,000,000, called the Limited Bulge Increase. Upon disbursement, the Warehousing Credit Limit rises by that amount, subject to the Limited Bulge Credit Limit, until that date or a shorter period set by PNC. Walker & Dunlop continues to guarantee the borrower’s obligations under the warehousing facility.
Walker & Dunlop reported mixed fourth-quarter and full-year 2025 results. Q4 2025 revenue was $340,024,000, but the company posted a diluted loss per share of $0.41 as adjusted EBITDA fell to $38,755,000. Results included $66,200,000 of expenses tied to planned 2026 asset sales and indemnified and repurchased loans.
Capital Markets activity accelerated, with Q4 total transaction volume up 36% year over year to $18,330,350,000 and full-year total transaction volume up 37% to $54,833,587,000. The servicing portfolio reached $143,978,153,000, supporting recurring fee income.
For 2025, revenue rose to $1,234,306,000 while net income declined to $56,247,000 and diluted EPS to $1.64, with operating margin at 6%. The board declared a first-quarter 2026 dividend of $0.68 per share and authorized a new $75,000,000 share repurchase program.
Walker & Dunlop, Inc. entered into a Sixteenth Amendment to its Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank, National Association. The change, dated January 29, 2026, updates the warehousing facility to reduce the Applicable Daily Floating Term SOFR Rate, effectively lowering the interest benchmark on this financing line.
Walker & Dunlop, LLC remains the borrower under the warehousing facility, and Walker & Dunlop, Inc. continues to guarantee the borrower’s obligations. PNC and its affiliates also provide other financial services and engage in forward delivery and derivative arrangements with affiliates of the company in the ordinary course of business.
Walker & Dunlop, Inc. furnished an 8-K to report that it has issued a press release detailing its financial results for the quarter and year-to-date period ended September 30, 2025. The press release, dated November 6, 2025, is included as Exhibit 99.1 and is incorporated by reference into the results of operations and financial condition section. The company states that this information, including Exhibit 99.1, is being furnished rather than filed, meaning it is not automatically incorporated into Securities Act registration statements.
Walker & Dunlop, Inc. amended its Master Repurchase Agreement with JPMorgan Chase Bank, N.A., extending the agreement's Termination Date to September 10, 2026. The company continues to guarantee the operating subsidiary Walker & Dunlop, LLC's obligations under the repurchase facility. A Side Letter dated September 11, 2025 updates fees, commitments and pricing, temporarily increasing the defined Facility Amount to $1,500,000,000 from September 11, 2025 through November 20, 2025, after which the Facility Amount will revert to $1,000,000,000 (previously $950,000,000). The Side Letter also revises the Non-Usage Fee definition and eliminates the Upfront Fee.
Walker & Dunlop, Inc. expanded its board of directors from seven to eight members and elected Ernest M. Freedman as a director, effective September 11, 2025. He will serve until the next annual meeting of stockholders and continue until a successor is elected and qualified.
The board also appointed Mr. Freedman to its Audit and Risk Committee. He brings extensive real estate and finance experience, having served as Executive Vice President and Chief Financial Officer of Invitation Homes Inc. from 2015 to 2023 and previously as CFO of Apartment Investment and Management Company and HEI Hotels and Resorts. The board determined he is an independent director, meets the heightened independence standards for audit committee service, qualifies as an “audit committee financial expert,” and is considered financially literate under NYSE rules.
The company entered into an indemnification agreement with Mr. Freedman and will pay him the same cash and equity compensation as its other independent directors, pro-rated from his election date. Walker & Dunlop also issued a press release about his appointment, furnished as Exhibit 99.1.
Walker & Dunlop, Inc. disclosed that its operating subsidiary (the "Seller") and JPMorgan Chase Bank, N.A. (the "Buyer") entered into Amendment No. 4 to an Amended and Restated Side Letter that modifies a letter originally dated September 30, 2021. That letter sets forth fees, commitments and pricing information relating to a Master Repurchase Agreement that was originally dated August 26, 2019 and has been amended multiple times.
The filing lists the chain of prior amendments to both the side letter and the Master Repurchase Agreement but does not include the specific commercial or financial terms of Amendment No. 4 in the text provided.
Walker & Dunlop, Inc. approved a new long-term performance stock unit award for CEO William Walker that is closely tied to shareholder returns. The PSUs can be earned only if the company’s annualized total shareholder return from August 24, 2025 through August 23, 2028 is at least 1.0 percentage point higher than the S&P 600 Small Cap Financials Index over the same period. If that hurdle is met, the number of performance stock units earned will be based on a “Value Creation Amount” equal to 5% of the company’s market capitalization growth above a value creation hurdle that assumes a 12% annualized return, divided by the stock’s 20-day VWAP at the end of the period. Earned PSUs are capped at the lesser of 521,526 shares and the quotient of $50,000,000 divided by that VWAP, and generally vest in three equal annual installments, subject to continued employment and certain acceleration terms.