Bethesda-based Walker & Dunlop, Inc. (NYSE: WD), generated $33.4 millionin revenue for the third quarter ended September 30, 2011, an increase of 50 percent from the third quarter of 2010 when revenue was $22.2 million.
Net income was $6.1 million, or $0.28 centsper diluted and basic share in Q3 2011. That was down compared to the $7.1 million or $0.48 cents per diluted and basic share made in the Q3 2010.
The commercial real estate financial firm said loan originations were up 104 percent to $906.7 Million.
"Walker & Dunlop once again produced strong quarterly growth in origination volumes, revenues and income from operations," commented chairman and chief executive officer, Willy Walker. "The third quarter typically has lower origination volumes, making the 104% growth in origination volumes year-on-year particularly pleasing. Our year-to-date revenue growth of 22%, operating margin of 37%, and improvement in the loan portfolio health with not a single loan 60+ days delinquent, is fantastic performance," continued Walker. "We are reiterating our full year 2011 loan origination guidance of $3.5 billion - $4.25 billion."