Walker & Dunlop, Inc(NYSE:WD) 
Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, const...
Website: http://www.walkerdunlop.com
Founded: 1937
Full Time Employees: 861
CEO: Willy Walker
Sector: Financial Services
Industry: Mortgage Finance
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At a glance:
- Commercial Real Estate Finance Focus with Multi-Channel Platform: Walker & Dunlop, Inc. operates a diversified real estate finance and advisory platform, with a core focus on multifamily and broader commercial real estate lending, capital markets, and related services.
- Earnings Tied to Transaction Volumes and Capital Markets Conditions: Revenue and profitability are highly sensitive to origination volumes, gain-on-sale margins, and secondary market liquidity, which can fluctuate with interest rates, credit spreads, and investor risk appetite.
- Recurring Servicing Income Provides Some Stability: A meaningful servicing and asset management component can help diversify results versus purely transaction-driven businesses, offering a recurring fee stream that may partially offset cyclical origination activity.
- Credit, Repurchase, and Counterparty Risks Require Tight Risk Management: As a lender and loan seller/servicer, the company faces credit losses, repurchase/indemnification exposure, and counterparty performance risks, particularly during periods of commercial real estate stress.
- Regulatory and GSE/Agency Dynamics Are Key Operating Variables: Given its role in agency/GSE and government-related lending channels, changes in housing finance policy, underwriting standards, or program volumes can materially influence growth opportunities and execution.
Bull Thesis:
- Dominant Position in Resilient Multifamily Market: Walker & Dunlop holds a leading market share in multifamily debt origination and servicing, a sector that historically demonstrates resilience and consistent demand, providing a stable foundation for growth even amidst broader economic uncertainties.
- Strategic Technology Investments & Diversification: The company's aggressive investments in proptech (e.g., Apprise, GeoPhy) and expansion into property sales and appraisal services are diversifying revenue streams, enhancing operational efficiency, and positioning them for future growth beyond traditional lending.
- Robust and Growing Servicing Portfolio: W&D's substantial and continuously growing loan servicing portfolio generates a predictable, recurring revenue stream, providing a strong base of income that helps mitigate volatility from fluctuating origination volumes and market cycles.
- Strong Capital Position and Shareholder Returns: Walker & Dunlop maintains a healthy balance sheet and has a history of returning capital to shareholders through dividends and share repurchases, indicating financial strength and management's confidence in future performance and value creation.
Bear Thesis:
- High Sensitivity to Interest Rate Hikes and Transaction Volume Decline: Elevated interest rates directly impact borrowing costs and significantly cool commercial real estate transaction volumes (sales and refinancings), which are core drivers of W&D's origination and sales revenue, leading to potential revenue contraction.
- Integration Risks and Profitability of Tech Acquisitions: Recent significant acquisitions in the proptech space (e.g., Apprise, GeoPhy) carry integration risks and may take longer than anticipated to achieve profitability or generate the expected synergies, potentially diluting near-term earnings and increasing operational complexity.
- Intense Competition in Commercial Real Estate Finance: The commercial real estate finance market is highly competitive, with numerous banks, non-bank lenders, and emerging fintech players vying for market share, potentially pressuring W&D's margins, market share, and growth opportunities.
- Potential Impact of a Broader Economic Downturn on CRE: A significant economic recession or prolonged downturn could lead to increased commercial real estate defaults, lower property valuations, and a further slowdown in transaction activity, negatively impacting W&D's core business, asset quality, and servicing portfolio performance.
Main Competitors:
- CBRE Group, Inc. ($CBRE) (Capital Markets (Debt & Structured Finance, Investment Sales)), CBRE is the world's largest commercial real estate services and investment firm. They compete directly with Walker & Dunlop in commercial real estate capital markets, including debt and structured finance origination, investment sales brokerage, and advisory services across various property types, with a significant presence in multifamily.
- JLL (Jones Lang LaSalle Incorporated) ($JLL) (Capital Markets (Debt & Equity Advisory, Investment Sales)), JLL is a global commercial real estate services firm that competes with Walker & Dunlop in capital markets, offering debt and equity advisory, investment sales, and loan servicing. They have a strong presence in multifamily and other commercial property sectors, providing comprehensive financial and advisory solutions.
- Berkadia Commercial Mortgage LLC (Multifamily Loan Origination & Servicing), Berkadia is a direct and formidable competitor in multifamily finance, specializing in the origination and servicing of loans through Fannie Mae, Freddie Mac, and FHA programs. They also provide investment sales and advisory services, directly challenging Walker & Dunlop's core multifamily lending and brokerage business.
- KeyBank Real Estate Capital ($KEY) (Commercial Real Estate Lending), KeyBank's Real Estate Capital division is a significant player in commercial real estate lending, including multifamily. They compete with Walker & Dunlop by originating loans through GSE programs (Fannie Mae, Freddie Mac) and offering balance sheet lending, construction financing, and other debt solutions to commercial real estate investors.
Moat:
Walker & Dunlop operates in a highly competitive commercial real estate finance and services market. Its primary moat stems from its strong, long-standing relationships and preferred lender status with government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, which provide a stable and significant source of multifamily loan origination and servicing revenue. The company also benefits from a large, recurring revenue stream from its loan servicing portfolio and deep expertise in multifamily finance. Competition comes from a mix of large, diversified commercial real estate services firms (like CBRE and JLL) that offer a broad range of capital markets and brokerage services, dedicated multifamily lenders (like Berkadia) that directly compete in the GSE space, and commercial banks (like KeyBank) with robust real estate lending divisions. The competitive landscape is influenced by interest rate environments, regulatory changes affecting GSEs, and the overall health of the commercial real estate market.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan origination and debt brokerage fees | 88,532,000 | 103,614,000 | 97,845,000 | 94,309,000 | 46,381,000 | 93,942,000 | 73,546,000 | 65,334,000 | 43,740,000 | 66,208,000 | 56,149,000 | 64,968,000 | 47,084,000 | 72,234,000 | 90,858,000 | 102,605,000 | 82,310,000 | 139,421,000 | 123,242,000 | 107,472,000 | 75,879,000 | 120,956,000 | 83,825,000 | 77,907,000 | 76,373,000 | ||||||||||||||||||||||||||||||||||
fair value of expected net cash flows from servicing, net of guaranty obligation | 46,773,000 | 50,060,000 | 48,657,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing fees | 85,437,000 | 86,339,000 | 85,189,000 | 83,693,000 | 82,221,000 | 82,961,000 | 82,222,000 | 80,418,000 | 80,043,000 | 79,887,000 | 79,200,000 | 77,061,000 | 75,766,000 | 77,275,000 | 75,975,000 | 74,260,000 | 72,681,000 | 72,808,000 | 70,628,000 | 69,052,000 | 65,978,000 | 63,240,000 | 60,265,000 | 56,862,000 | 55,434,000 | 55,126,000 | 54,219,000 | 53,006,000 | 52,199,000 | 52,092,000 | 50,781,000 | 49,317,000 | 48,040,000 | 46,713,000 | 44,900,000 | 43,214,000 | 41,525,000 | 39,370,000 | 37,134,000 | 32,771,000 | 31,649,000 | 30,530,000 | 29,328,000 | 28,058,000 | 26,841,000 | 26,073,000 | 25,036,000 | 23,962,000 | 23,343,000 | 23,750,000 | 22,954,000 | 22,370,000 | 21,141,000 | 13,307,000 | 9,827,000 | 9,379,000 | 8,757,000 | 8,047,000 | 7,713,000 |
property sales broker fees | 13,179,000 | 28,488,000 | 26,546,000 | 14,964,000 | 13,521,000 | 21,175,000 | 19,322,000 | 11,265,000 | 8,821,000 | 15,135,000 | 16,862,000 | 10,345,000 | 11,624,000 | 20,490,000 | 30,308,000 | 46,386,000 | 23,398,000 | 54,808,000 | 33,677,000 | 22,454,000 | 9,042,000 | ||||||||||||||||||||||||||||||||||||||
investment management fees | 10,226,000 | 11,192,000 | 6,178,000 | 7,577,000 | 9,682,000 | -3,110,000 | 11,744,000 | 14,822,000 | 13,520,000 | 537,000 | 13,362,000 | 16,309,000 | 15,173,000 | 24,586,000 | 16,301,000 | 10,282,000 | |||||||||||||||||||||||||||||||||||||||||||
net warehouse interest income | 25,000 | -909,000 | -2,035,000 | -1,760,000 | -786,000 | -2,186,000 | -2,147,000 | -1,584,000 | -1,116,000 | -2,077,000 | -2,031,000 | -1,526,000 | 1,000 | 1,756,000 | 3,980,000 | 5,268,000 | 4,773,000 | 3,692,000 | 5,583,000 | 4,630,000 | 4,555,000 | 5,613,500 | 7,558,000 | 9,401,000 | 5,495,000 | 4,901,000 | 6,172,000 | 6,411,000 | 7,021,000 | 2,032,250 | 3,880,000 | 2,392,000 | 1,857,000 | 4,444,500 | 5,358,000 | 5,800,000 | 6,620,000 | 3,981,250 | 5,614,000 | 3,580,000 | 6,731,000 | 4,456,000 | 6,860,000 | 6,610,000 | 4,354,000 | 2,794,250 | 5,045,000 | 3,896,000 | 2,236,000 | 2,279,000 | 1,783,000 | 1,760,000 | 1,623,000 | 1,248,000 | 1,074,000 | 937,000 | 1,052,000 | 1,059,000 | 717,000 |
placement fees and other interest income | 32,704,000 | 37,085,000 | 46,302,000 | 35,986,000 | 33,211,000 | 43,962,000 | 43,557,000 | 41,040,000 | 39,402,000 | 45,210,000 | 43,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other revenues | 24,455,000 | 24,155,000 | 28,993,000 | 31,318,000 | 25,326,000 | 48,787,000 | 20,634,000 | 26,032,000 | 22,751,000 | 34,965,000 | 26,826,000 | 28,014,000 | 28,161,000 | 28,572,000 | 24,769,000 | 43,347,000 | 81,749,000 | 52,755,000 | 21,646,000 | 14,131,000 | 8,782,000 | 34,509,000 | 15,028,000 | 15,615,000 | 18,112,000 | ||||||||||||||||||||||||||||||||||
total revenues | 301,331,000 | 340,024,000 | 337,675,000 | 319,240,000 | 237,367,000 | 341,451,000 | 292,304,000 | 270,676,000 | 228,059,000 | 274,336,000 | 268,743,000 | 272,615,000 | 238,746,000 | 282,850,000 | 315,611,000 | 340,848,000 | 319,444,000 | 407,189,000 | 346,290,000 | 281,411,000 | 224,288,000 | 349,709,000 | 247,016,000 | 252,825,000 | 234,157,000 | 217,190,000 | 212,267,000 | 200,325,000 | 187,437,000 | 214,933,000 | 184,657,000 | 178,204,000 | 147,452,000 | 207,202,000 | 179,736,000 | 166,407,000 | 158,512,000 | 178,391,000 | 154,786,000 | 147,858,000 | 94,241,000 | 121,365,000 | 120,786,000 | 113,926,000 | 112,121,000 | 112,598,000 | 98,055,000 | 85,286,000 | 64,833,000 | 85,470,000 | 73,650,000 | 90,734,000 | 69,185,000 | 70,126,000 | 46,720,000 | 34,402,000 | 33,356,000 | 42,406,000 | 28,997,000 |
yoy | 26.95% | -0.42% | 15.52% | 17.94% | 4.08% | 24.46% | 8.77% | -0.71% | -4.48% | -3.01% | -14.85% | -20.02% | -25.26% | -30.54% | -8.86% | 21.12% | 42.43% | 16.44% | 40.19% | 11.31% | -4.21% | 61.02% | 16.37% | 26.21% | 24.93% | 1.05% | 14.95% | 12.41% | 27.12% | 3.73% | 2.74% | 7.09% | -6.98% | 16.15% | 16.12% | 12.55% | 68.20% | 46.99% | 28.15% | 29.78% | -15.95% | 7.79% | 23.18% | 33.58% | 72.94% | 31.74% | 33.14% | -6.00% | -6.29% | 21.88% | 57.64% | 163.75% | 107.41% | 65.37% | 61.12% | ||||
qoq | -11.38% | 0.70% | 5.77% | 34.49% | -30.48% | 16.81% | 7.99% | 18.69% | -16.87% | 2.08% | -1.42% | 14.19% | -15.59% | -10.38% | -7.40% | 6.70% | -21.55% | 17.59% | 23.05% | 25.47% | -35.86% | 41.57% | -2.30% | 7.97% | 7.81% | 2.32% | 5.96% | 6.88% | -12.79% | 16.40% | 3.62% | 20.86% | -28.84% | 15.28% | 8.01% | 4.98% | -11.14% | 15.25% | 4.69% | 56.89% | -22.35% | 0.48% | 6.02% | 1.61% | -0.42% | 14.83% | 14.97% | 31.55% | -24.15% | 16.05% | -18.83% | 31.15% | -1.34% | 50.10% | 35.81% | 3.14% | -21.34% | 46.24% | |
expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel | 152,829,000 | 187,113,000 | 177,418,000 | 161,888,000 | 121,390,000 | 169,178,000 | 145,538,000 | 133,067,000 | 111,463,000 | 125,865,000 | 136,507,000 | 133,305,000 | 118,613,000 | 137,758,000 | 157,059,000 | 168,368,000 | 144,181,000 | 195,670,000 | 170,181,000 | 141,421,000 | 96,215,000 | 157,826,000 | 114,548,000 | 106,920,000 | 89,525,000 | 97,082,000 | 93,057,000 | 84,398,000 | 71,631,000 | 90,828,000 | 79,776,000 | 71,426,000 | 55,273,000 | 91,120,000 | 78,469,000 | 63,516,000 | 56,172,000 | 73,126,000 | 64,377,000 | 55,758,000 | 34,230,000 | 49,224,000 | 49,328,000 | 45,993,000 | 40,045,000 | 48,867,000 | 41,919,000 | 34,053,000 | 24,535,000 | 36,985,000 | 31,091,000 | 37,308,000 | 28,283,000 | 32,173,000 | 17,363,000 | 11,641,000 | 11,343,000 | 12,863,000 | 9,207,000 |
amortization and depreciation | 62,964,000 | 62,084,000 | 60,041,000 | 58,936,000 | 57,621,000 | 68,054,000 | 57,561,000 | 56,043,000 | 55,891,000 | 56,015,000 | 57,479,000 | 56,292,000 | 56,966,000 | 57,930,000 | 59,846,000 | 61,103,000 | 56,152,000 | 61,405,000 | 53,498,000 | 48,510,000 | 46,871,000 | 45,013,000 | 41,919,000 | 42,317,000 | 39,762,000 | 39,552,000 | 37,636,000 | 37,381,000 | 37,903,000 | 36,271,000 | 36,739,000 | 35,489,000 | 33,635,000 | 33,705,000 | 32,343,000 | 32,860,000 | 32,338,000 | 30,603,000 | 29,244,000 | 26,425,000 | 25,155,000 | 22,405,000 | 25,644,000 | 23,470,000 | 24,674,000 | 21,993,000 | 19,818,000 | 19,097,000 | 18,459,000 | 18,451,000 | 19,441,000 | 17,728,000 | 17,256,000 | 17,000,000 | 6,743,000 | 7,259,000 | 6,267,000 | 5,084,000 | 4,907,000 |
provision for credit losses | 4,118,000 | 3,105,000 | 949,000 | 1,820,000 | 3,712,000 | 4,529,000 | 2,850,000 | 2,936,000 | 524,000 | 636,000 | 421,000 | -734,000 | -10,775,000 | 1,142,000 | 1,218,000 | -4,840,000 | -9,498,000 | 1,093,000 | 1,266,000 | -4,326,000 | -11,320,000 | 5,450,000 | 3,483,000 | 4,903,000 | 23,643,000 | 4,409,000 | -772,000 | 961,000 | 2,675,000 | -34,000 | 519,000 | 800,000 | -477,000 | -27,000 | 9,000 | -93,000 | -132,000 | -778,000 | 283,000 | 292,000 | -409,000 | 1,068,000 | 94,000 | 398,000 | 84,000 | 611,000 | 1,487,000 | 279,000 | -171,000 | ||||||||||
interest expense on corporate debt | 14,902,000 | 15,983,000 | 16,451,000 | 16,767,000 | 15,514,000 | 15,921,000 | 18,232,000 | 17,874,000 | 17,659,000 | 18,598,000 | 17,594,000 | 17,010,000 | 15,274,000 | 12,110,000 | 9,306,000 | 6,412,000 | 6,405,000 | 2,690,000 | 1,766,000 | 1,760,000 | 1,765,000 | 1,826,000 | 1,786,000 | 2,078,000 | 2,860,000 | 3,292,000 | 3,638,000 | 3,777,000 | 3,652,000 | 3,179,000 | 2,429,000 | 2,343,000 | 2,179,000 | 2,344,000 | 2,555,000 | 2,443,000 | 2,403,000 | 2,432,000 | 2,485,000 | 2,465,000 | 2,469,000 | 2,485,000 | 2,484,000 | 2,472,000 | 2,477,000 | 2,525,000 | 2,592,000 | 2,621,000 | 2,573,000 | 1,051,000 | 854,000 | 870,000 | 968,000 | 388,000 | 163,000 | 168,000 | 180,000 | 214,000 | 252,000 |
indemnified and repurchased loan expenses | 10,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 30,507,000 | 20,943,000 | 36,879,000 | 33,455,000 | 33,886,000 | 47,604,000 | 31,984,000 | 32,559,000 | 28,843,000 | 34,355,000 | 28,529,000 | 30,730,000 | 24,063,000 | 26,736,000 | 33,991,000 | 36,195,000 | 32,214,000 | 36,484,000 | 24,836,000 | 19,748,000 | 17,587,000 | 22,258,000 | 16,165,000 | 13,069,000 | 18,090,000 | 14,881,000 | 19,393,000 | 16,830,000 | 15,492,000 | 19,359,000 | 14,535,000 | 15,176,000 | 12,951,000 | 13,300,000 | 11,664,000 | 11,599,000 | 11,608,000 | 11,827,000 | 9,685,000 | 11,212,000 | 8,614,000 | 10,331,000 | 9,790,000 | 8,951,000 | 9,435,000 | 11,254,000 | 7,745,000 | 8,305,000 | 7,527,000 | 10,444,000 | 8,643,000 | 9,827,000 | 8,651,000 | 9,635,000 | 6,592,000 | 4,616,000 | 4,977,000 | 4,263,000 | 3,020,000 |
total expenses | 275,381,000 | 358,581,000 | 291,738,000 | 272,866,000 | 232,123,000 | 289,331,000 | 254,799,000 | 242,479,000 | 214,380,000 | 234,969,000 | 240,530,000 | 236,603,000 | 204,141,000 | 235,676,000 | 261,420,000 | 267,238,000 | 229,454,000 | 297,342,000 | 251,547,000 | 207,113,000 | 151,118,000 | 232,373,000 | 177,901,000 | 169,287,000 | 173,880,000 | 159,216,000 | 152,952,000 | 143,347,000 | 131,353,000 | 149,603,000 | 133,998,000 | 125,234,000 | 103,561,000 | 140,442,000 | 125,040,000 | 110,325,000 | 102,389,000 | 117,210,000 | 106,074,000 | 96,152,000 | 70,059,000 | 87,493,000 | 87,340,000 | 81,284,000 | 76,715,000 | 86,021,000 | 73,561,000 | 64,355,000 | 52,923,000 | 67,519,000 | 60,946,000 | 66,932,000 | 56,855,000 | 58,348,000 | 31,611,000 | 24,908,000 | 23,704,000 | 24,188,000 | 18,132,000 |
income before taxes | 25,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 8,022,000 | -5,447,000 | 12,516,000 | 12,425,000 | 2,519,000 | 10,955,000 | 8,822,000 | 7,902,000 | 2,864,000 | 10,331,000 | 7,069,000 | 10,491,000 | 7,135,000 | 9,539,000 | 7,532,000 | 19,503,000 | 19,460,000 | 30,117,000 | 22,953,000 | 18,240,000 | 15,118,000 | 34,237,000 | 15,925,000 | 21,479,000 | 12,672,000 | 15,019,000 | 15,246,000 | 14,832,000 | 12,024,000 | 19,885,000 | 12,902,000 | 11,937,000 | 7,184,000 | -32,794,000 | 19,988,000 | 21,570,000 | 13,063,000 | 24,175,000 | 18,851,000 | 19,595,000 | 8,849,000 | 13,592,000 | 12,735,000 | 12,351,000 | 14,093,000 | 10,326,000 | 9,381,000 | 8,017,000 | 4,766,000 | 6,745,000 | 4,649,000 | 9,259,000 | 4,604,000 | 4,680,000 | 5,817,000 | 3,655,000 | 3,573,000 | 7,087,000 | 4,226,000 |
net income before noncontrolling interests and temporary equity holders | 17,928,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income from noncontrolling interests | 974,000 | -36,000 | -31,000 | -3,000 | -29,000 | -3,671,000 | -119,000 | -2,368,000 | -1,051,000 | -2,563,000 | -314,000 | -2,114,000 | 805,000 | -3,857,000 | -174,000 | -179,000 | -679,000 | -201,000 | 69,000 | -56,000 | -224,000 | 39,000 | 26,000 | -50,000 | -158,000 | -305,000 | 41,000 | -79,000 | -154,000 | 593,000 | 330,000 | -55,000 | -161,000 | 216,000 | 233,000 | 90,000 | -125,000 | ||||||||||||||||||||||
less: net income attributable to temporary equity holders | 1,083,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
walker & dunlop net income | 15,871,000 | -13,911,000 | 33,452,000 | 33,952,000 | 2,754,000 | 44,836,000 | 28,802,000 | 22,663,000 | 11,866,000 | 31,599,000 | 21,458,000 | 27,635,000 | 26,665,000 | 41,492,000 | 46,833,000 | 54,286,000 | 71,209,000 | 79,931,000 | 71,721,000 | 56,058,000 | 58,052,000 | 83,099,000 | 53,190,000 | 62,059,000 | 47,829,000 | 42,916,000 | 44,043,000 | 42,196,000 | 44,218,000 | 45,750,000 | 37,716,000 | 41,112,000 | 36,861,000 | 98,961,000 | 34,378,000 | 34,567,000 | 43,221,000 | 36,790,000 | 29,628,000 | 32,021,000 | 15,458,000 | 20,411,000 | 20,251,000 | 20,153,000 | |||||||||||||||
other comprehensive income, net of tax | -673,000 | 43,000 | -931,000 | 1,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
walker & dunlop comprehensive income | 15,198,000 | -13,868,000 | 32,521,000 | 35,421,000 | 3,463,000 | 43,956,000 | 29,853,000 | 23,570,000 | 11,853,000 | 32,984,000 | 21,059,000 | 27,791,000 | 26,612,000 | 41,384,000 | 45,595,000 | 52,476,000 | 70,239,000 | 79,752,000 | 71,880,000 | 56,826,000 | 57,894,000 | 83,599,000 | 54,409,000 | 63,489,000 | 45,912,000 | 42,638,000 | 44,166,000 | 42,862,000 | 44,519,000 | 45,746,000 | 37,732,000 | 41,059,000 | 36,734,000 | ||||||||||||||||||||||||||
yoy | 338.87% | -131.55% | 8.94% | 50.28% | -70.78% | 33.26% | 41.76% | -15.19% | -55.46% | -20.30% | -53.81% | -47.04% | -62.11% | -48.11% | -36.57% | -7.65% | 21.32% | -4.60% | 32.11% | -10.49% | 26.10% | 96.07% | 23.19% | 48.12% | 3.13% | -6.79% | 17.05% | 4.39% | 21.19% | ||||||||||||||||||||||||||||||
qoq | -209.59% | -142.64% | -8.19% | 922.84% | -92.12% | 47.24% | 26.66% | 98.85% | -64.06% | 56.63% | -24.22% | 4.43% | -35.69% | -9.24% | -13.11% | -25.29% | -11.93% | 10.95% | 26.49% | -1.84% | -30.75% | 53.65% | -14.30% | 38.28% | 7.68% | -3.46% | 3.04% | -3.72% | -2.68% | 21.24% | -8.10% | 11.77% | |||||||||||||||||||||||||||
net income margin % | 5.04% | -4.08% | 9.63% | 11.10% | 1.46% | 12.87% | 10.21% | 8.71% | 5.20% | 12.02% | 7.84% | 10.19% | 11.15% | 14.63% | 14.45% | 15.40% | 21.99% | 19.59% | 20.76% | 20.19% | 25.81% | 23.91% | 22.03% | 25.11% | 19.61% | 19.63% | 20.81% | 21.40% | 23.75% | 21.28% | 20.43% | 23.04% | 24.91% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
basic earnings per share | 0.46 | -0.4 | 0.98 | 1 | 0.08 | 1.32 | 0.85 | 0.67 | 0.35 | 0.94 | 0.64 | 0.82 | 0.8 | 1.25 | 1.41 | 1.63 | 2.14 | 2.47 | 2.23 | 1.75 | 1.82 | 2.64 | 1.69 | 1.98 | 1.53 | 1.39 | 1.42 | 1.36 | 1.44 | 1.32 | 1.24 | 1.36 | 1.23 | 3.29 | 1.14 | 1.15 | 1.45 | 1.25 | 1.01 | 1.09 | 0.52 | 0.7 | 0.69 | 0.69 | 0.68 | 0.51 | 0.48 | 0.41 | 0.21 | 0.33 | 0.24 | 0.43 | 0.23 | 0.28 | 0.43 | ||||
diluted earnings per share | 0.46 | -0.41 | 0.98 | 0.99 | 0.08 | 1.32 | 0.85 | 0.67 | 0.35 | 0.93 | 0.64 | 0.82 | 0.79 | 1.23 | 1.4 | 1.61 | 2.12 | 2.42 | 2.21 | 1.73 | 1.79 | 2.58 | 1.66 | 1.95 | 1.49 | 1.34 | 1.39 | 1.33 | 1.39 | 1.36 | 1.17 | 1.28 | 1.16 | 3.07 | 1.06 | 1.08 | 1.35 | 1.14 | 0.96 | 1.05 | 0.5 | 0.66 | 0.66 | 0.67 | 0.66 | 0.5 | 0.47 | 0.4 | 0.21 | 0.33 | 0.23 | 0.42 | 0.23 | 0.28 | 0.42 | ||||
basic weighted-average shares outstanding | 33,394 | 33,347 | 33,376 | 33,358 | 33,264 | 33,116 | 33,169 | 33,121 | 32,978 | 32,697 | 32,737 | 32,695 | 32,529 | 32,326 | 32,290 | 32,388 | 32,219 | 31,081 | 31,064 | 31,019 | 30,823 | 30,444 | 30,560 | 30,352 | 30,226 | 29,913 | 29,987 | 29,985 | 29,680 | 30,202 | 30,423 | 30,248 | 29,982 | 30,014 | 30,085 | 30,131 | 29,809 | 29,432 | 29,374 | 29,388 | 29,489 | 29,754 | 29,165 | 29,057 | 31,515 | 32,210 | 31,788 | 31,710,759 | 33,548,136 | 33,764,233 | 33,859,453 | 25,091,153 | 21,779,379 | 21,750,573 | 21,582,746 | ||||
diluted weighted-average shares outstanding | 33,411 | 33,369 | 33,397 | 33,371 | 33,296 | 33,158 | 33,203 | 33,154 | 33,048 | 32,875 | 32,895 | 32,851 | 32,816 | 32,687 | 32,620 | 32,694 | 32,617 | 31,533 | 31,459 | 31,370 | 31,276 | 31,083 | 31,074 | 30,860 | 31,160 | 30,815 | 30,782 | 30,744 | 30,684 | 31,384 | 32,245 | 32,154 | 31,865 | 32,205 | 32,312 | 32,097 | 32,006 | 31,172 | 30,793 | 30,627 | 30,782 | 30,949 | 30,460 | 30,239 | 32,464 | 32,624 | 32,049 | 31,950,576 | 33,859,348 | 34,335,914 | 34,382,975 | 25,443,601 | 21,975,853 | 21,848,280 | 21,651,192 | ||||
fair value adjustments to contingent consideration liabilities | -48,955,000 | -1,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 24,388,750 | 45,937,000 | 46,374,000 | 5,244,000 | 52,120,000 | 37,505,000 | 28,197,000 | 13,679,000 | 39,367,000 | 28,213,000 | 36,012,000 | 34,605,000 | 47,174,000 | 54,191,000 | 73,610,000 | 89,990,000 | 109,847,000 | 94,743,000 | 74,298,000 | 73,170,000 | 117,336,000 | 69,115,000 | 83,538,000 | 60,277,000 | 57,974,000 | 59,315,000 | 56,978,000 | 56,084,000 | 65,330,000 | 50,659,000 | 52,970,000 | 43,891,000 | 66,760,000 | 54,696,000 | 56,082,000 | 56,123,000 | 61,181,000 | 48,712,000 | 51,706,000 | 24,182,000 | 33,872,000 | 33,446,000 | 32,642,000 | 35,406,000 | 14,333,750 | 24,494,000 | 20,931,000 | 11,910,000 | 12,209,000 | 12,704,000 | 23,802,000 | 12,330,000 | 11,778,000 | 15,109,000 | 9,494,000 | 9,652,000 | 18,218,000 | 10,865,000 | |
yoy | -53.21% | 22.48% | 64.46% | -61.66% | 32.40% | 32.94% | -21.70% | -60.47% | -16.55% | -47.94% | -51.08% | -61.55% | -57.05% | -42.80% | -0.93% | 22.99% | -6.38% | 37.08% | -11.06% | 21.39% | 102.39% | 16.52% | 46.61% | 7.48% | -11.26% | 17.09% | 7.57% | 27.78% | -2.14% | -7.38% | -5.55% | -21.79% | 9.12% | 12.28% | 8.46% | 132.09% | 80.62% | 45.64% | 58.40% | -31.70% | 136.31% | 36.55% | 55.95% | 197.28% | 17.40% | 92.81% | -12.06% | -3.41% | 3.66% | -15.92% | 150.71% | 27.75% | -35.35% | 39.06% | |||||
qoq | -46.91% | -0.94% | 784.32% | -89.94% | 38.97% | 33.01% | 106.13% | -65.25% | 39.53% | -21.66% | 4.07% | -26.64% | -12.95% | -26.38% | -18.20% | -18.08% | 15.94% | 27.52% | 1.54% | -37.64% | 69.77% | -17.27% | 38.59% | 3.97% | -2.26% | 4.10% | 1.59% | -14.15% | 28.96% | -4.36% | 20.69% | -34.26% | 22.06% | -2.47% | -0.07% | -8.27% | 25.60% | -5.79% | 113.82% | -28.61% | 1.27% | 2.46% | -7.81% | 147.01% | -41.48% | 17.02% | 75.74% | -2.45% | -3.90% | -46.63% | 93.04% | 4.69% | -22.05% | 59.14% | -1.64% | -47.02% | 67.68% | ||
operating margin % | 0% | 7.17% | 13.60% | 14.53% | 2.21% | 15.26% | 12.83% | 10.42% | 6.00% | 14.35% | 10.50% | 13.21% | 14.49% | 16.68% | 17.17% | 21.60% | 28.17% | 26.98% | 27.36% | 26.40% | 32.62% | 33.55% | 27.98% | 33.04% | 25.74% | 26.69% | 27.94% | 28.44% | 29.92% | 30.40% | 27.43% | 29.72% | 29.77% | 32.22% | 30.43% | 33.70% | 35.41% | 34.30% | 31.47% | 34.97% | 25.66% | 27.91% | 27.69% | 28.65% | 31.58% | 12.73% | 24.98% | 24.54% | 18.37% | 14.28% | 17.25% | 26.23% | 17.82% | 16.80% | 32.34% | 27.60% | 28.94% | 42.96% | 37.47% |
net income before noncontrolling interests | 17,523,750 | 33,421,000 | 33,949,000 | 2,725,000 | 41,165,000 | 28,683,000 | 20,295,000 | 10,815,000 | 29,036,000 | 21,144,000 | 25,521,000 | 27,470,000 | 37,635,000 | 46,659,000 | 54,107,000 | 70,530,000 | 79,730,000 | 71,790,000 | 56,058,000 | 58,052,000 | 83,099,000 | 53,190,000 | 62,059,000 | 47,605,000 | 42,955,000 | 44,069,000 | 42,146,000 | 44,060,000 | 45,445,000 | 37,757,000 | 41,033,000 | 36,707,000 | 99,554,000 | 34,708,000 | 34,512,000 | 43,060,000 | 37,006,000 | 29,861,000 | 32,111,000 | 15,333,000 | 20,280,000 | 20,711,000 | 20,291,000 | ||||||||||||||||
fair value of expected net cash flows from servicing | 53,153,000 | 27,811,000 | 55,920,000 | 43,426,000 | 33,349,000 | 20,898,000 | 34,471,000 | 35,375,000 | 42,058,000 | 30,013,000 | 31,790,000 | 55,291,000 | 51,949,000 | 52,730,000 | 77,879,000 | 89,482,000 | 61,849,000 | 57,935,000 | 121,566,000 | 78,065,000 | 90,369,000 | 68,000,000 | |||||||||||||||||||||||||||||||||||||
net change in unrealized gains on pledged available-for-sale securities, net of taxes | 709,000 | -880,000 | 1,051,000 | 907,000 | -13,000 | 1,385,000 | -399,000 | 156,000 | -53,000 | -108,000 | -1,238,000 | -1,810,000 | -970,000 | -179,000 | 159,000 | 768,000 | -158,000 | ||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow earnings and other interest income | 35,386,000 | 30,924,000 | 26,147,000 | 18,129,000 | 6,751,000 | 1,803,000 | 2,178,000 | 2,032,000 | 1,823,000 | 2,117,000 | 2,566,000 | 2,275,000 | 2,671,000 | 10,743,000 | 12,988,000 | 15,163,000 | 14,616,000 | 14,068,000 | 14,423,000 | 11,938,000 | 9,276,000 | 7,348,000 | 6,786,000 | 5,804,000 | 4,514,000 | 3,292,000 | 2,943,000 | 2,630,000 | 1,955,000 | 1,640,000 | 1,350,000 | 1,166,000 | 1,170,000 | 787,000 | 1,204,000 | 1,127,000 | 1,120,000 | 1,075,000 | 1,113,000 | 1,037,000 | 916,000 | 942,000 | 708,000 | 525,000 | 539,000 | 342,000 | 403,000 | 370,000 | |||||||||||
less: net loss from noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized gains and losses on pledged available-for-sale securities, net of taxes | 500,000 | 1,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized gains and losses on pledged available-for-sale securities | 1,430,000 | -1,917,000 | -278,000 | 123,000 | 666,000 | 301,000 | -4,000 | 16,000 | -53,000 | -127,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gains from mortgage banking activities | 80,386,250 | 115,929,000 | 106,881,000 | 98,735,000 | 124,166,000 | 99,170,000 | 102,237,000 | 81,509,000 | 129,458,000 | 111,304,000 | 102,176,000 | 96,432,000 | 117,779,000 | 100,630,000 | 102,453,000 | 46,323,000 | 76,986,000 | 70,810,000 | 69,950,000 | 72,720,000 | 71,876,000 | 63,280,000 | 52,241,000 | 34,586,000 | 52,386,000 | 45,278,000 | 63,076,000 | 42,931,000 | 53,400,000 | 33,934,000 | 19,802,000 | 21,562,000 | 31,289,000 | 16,827,000 | |||||||||||||||||||||||||
other | 13,902,250 | 20,784,000 | 19,411,000 | 15,414,000 | 18,350,000 | 18,888,000 | 14,982,000 | 8,698,000 | 17,556,000 | 12,370,000 | 10,703,000 | 10,643,000 | 10,497,000 | 8,778,000 | 7,099,000 | 7,898,000 | 6,363,000 | 12,622,000 | 8,138,000 | 7,419,000 | 7,128,000 | 3,567,000 | 4,067,000 | 3,593,000 | 5,942,000 | 2,598,000 | 2,612,000 | 2,548,000 | 1,463,000 | 1,360,000 | 3,745,000 | 1,643,000 | 1,608,000 | 3,370,000 | |||||||||||||||||||||||||
cash dividends declared per common share | 0.25 | 0.25 | 0.25 | 0.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from noncontrolling interests | 149,500 | 460,000 | 138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 21,313,000 | 16,251,000 | 15,113,000 | 12,914,000 | 7,144,000 | 11,206,000 | 8,055,000 | 14,543,000 | 7,726,000 | 7,098,000 | 9,292,000 | 5,839,000 | 6,079,000 | 11,131,000 | 6,639,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 263,000 | 1,072,000 | 448,000 | 1,296,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for risk-sharing obligations | 249,250 | -155,000 | 751,000 | 401,000 | 750,000 | 1,224,000 | 937,000 | 1,764,000 | 746,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
basic weighted average shares outstanding | 33,699,944 | 33,570,130 | 21,629,463 | 21,629,463 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted average shares outstanding | 34,485,750 | 34,156,760 | 21,782,383 | 21,742,912 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 0.27 | 0.28 | 0.51 | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma net income data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations, as reported | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma adjustments for income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma basic and diluted earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proforma net income data |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 192,527,000 | 299,315,000 | 274,828,000 | 233,712,000 | 180,971,000 | 279,270,000 | 179,759,000 | 208,095,000 | 216,532,000 | 328,698,000 | 236,321,000 | 228,091,000 | 188,389,000 | 225,949,000 | 152,188,000 | 151,252,000 | 141,375,000 | 305,635,000 | 318,188,000 | 326,518,000 | 277,277,000 | 321,097,000 | 294,873,000 | 275,202,000 | 205,309,000 | 120,685,000 | 65,641,000 | 74,184,000 | 109,862,000 | 90,058,000 | 165,062,000 | 81,531,000 | 193,695,000 | 191,218,000 | 85,363,000 | 53,338,000 | 50,745,000 | 118,756,000 | 83,887,000 | 60,993,000 | 98,224,000 | 136,988,000 | 60,163,000 | 67,789,000 | 65,516,000 | 113,354,000 | 84,613,000 | 66,275,000 | 63,249,000 | 170,563,000 | 60,968,000 | 66,289,000 | 65,405,000 | 82,613,000 | 46,153,000 | 40,811,000 | 86,086,000 | 38,234,000 | 43,390,000 |
restricted cash | 34,419,000 | 22,772,000 | 44,462,000 | 41,090,000 | 32,268,000 | 25,156,000 | 39,827,000 | 35,460,000 | 21,071,000 | 21,422,000 | 17,768,000 | 21,769,000 | 20,504,000 | 17,676,000 | 40,246,000 | 34,361,000 | 41,584,000 | 42,812,000 | 34,875,000 | 15,842,000 | 14,805,000 | 19,432,000 | 12,383,000 | 10,894,000 | 30,745,000 | 8,677,000 | 9,138,000 | 15,454,000 | 17,561,000 | 20,821,000 | 16,226,000 | 29,986,000 | 16,991,000 | 6,677,000 | 17,179,000 | 15,768,000 | 9,313,000 | 9,861,000 | 14,370,000 | 17,611,000 | 10,006,000 | 5,306,000 | 7,726,000 | 9,232,000 | 21,794,000 | 13,854,000 | 19,735,000 | 9,111,000 | 8,947,000 | 5,427,000 | 7,035,000 | 9,403,000 | 7,750,000 | 6,991,000 | 4,583,000 | 5,083,000 | 5,302,000 | 3,008,000 | 7,287,000 |
pledged securities, at fair value | 228,646,000 | 224,954,000 | 221,730,000 | 218,435,000 | 214,374,000 | 206,904,000 | 203,945,000 | 197,936,000 | 190,679,000 | 184,081,000 | 177,509,000 | 170,666,000 | 165,081,000 | 157,282,000 | 151,413,000 | 149,560,000 | 148,647,000 | 148,996,000 | 148,774,000 | 146,548,000 | 139,570,000 | 137,236,000 | 134,295,000 | 128,296,000 | 121,495,000 | 121,767,000 | 120,302,000 | 119,289,000 | 117,566,000 | 116,331,000 | 109,062,000 | 105,803,000 | 102,059,000 | 97,859,000 | 95,102,000 | 92,401,000 | 86,900,000 | 84,850,000 | 81,933,000 | 78,491,000 | 75,225,000 | 72,190,000 | 71,042,000 | 69,045,000 | 68,103,000 | 67,719,000 | 60,740,000 | 58,551,000 | 52,901,000 | 49,651,000 | 45,449,000 | 39,974,000 | 34,581,000 | 32,080,000 | 21,144,000 | 19,599,000 | 17,558,000 | 16,156,000 | 14,781,000 |
loans held for sale, at fair value | 2,546,860,000 | 1,436,350,000 | 2,197,739,000 | 1,177,837,000 | 946,372,000 | 780,749,000 | 1,024,984,000 | 814,883,000 | 497,933,000 | 594,998,000 | 758,926,000 | 1,303,686,000 | 934,991,000 | 396,344,000 | 2,180,117,000 | 931,516,000 | 703,629,000 | 1,811,586,000 | 2,711,900,000 | 1,718,444,000 | 1,048,385,000 | 2,449,198,000 | 3,227,287,000 | 1,733,598,000 | 1,186,577,000 | 787,035,000 | 1,259,075,000 | 1,302,938,000 | 1,226,380,000 | 1,074,348,000 | 2,134,190,000 | 1,257,256,000 | 787,552,000 | 951,829,000 | 3,275,761,000 | 1,608,025,000 | 1,230,311,000 | 1,858,358,000 | 1,299,028,000 | 2,244,329,000 | 547,827,000 | 2,499,111,000 | 1,101,772,000 | 883,336,000 | 1,293,186,000 | 1,072,116,000 | 788,335,000 | 662,969,000 | 361,108,000 | 281,477,000 | 365,210,000 | 443,279,000 | 479,779,000 | 1,293,320,000 | 399,230,000 | 268,207,000 | 96,330,000 | 462,930,000 | |
mortgage servicing rights | 795,754,000 | 808,145,000 | 805,975,000 | 817,814,000 | 825,761,000 | 852,399,000 | 836,896,000 | 850,831,000 | 881,834,000 | 907,415,000 | 921,746,000 | 932,131,000 | 946,406,000 | 975,226,000 | 967,770,000 | 978,745,000 | 976,554,000 | 953,845,000 | 929,825,000 | 915,519,000 | 909,884,000 | 862,813,000 | 805,655,000 | 778,269,000 | 722,486,000 | 718,799,000 | 697,350,000 | 688,027,000 | 677,946,000 | 670,146,000 | 647,188,000 | 638,914,000 | 631,031,000 | 634,756,000 | 587,909,000 | 573,159,000 | 562,530,000 | 521,930,000 | 496,678,000 | 468,093,000 | 421,651,000 | 412,348,000 | 403,950,000 | 395,020,000 | 375,159,000 | 375,907,000 | 352,704,000 | 349,167,000 | 347,976,000 | 353,024,000 | 344,899,000 | 341,770,000 | 336,397,000 | 294,704,000 | 149,533,000 | 142,621,000 | 130,375,000 | 118,597,000 | 112,829,000 |
goodwill | 868,710,000 | 868,710,000 | 868,710,000 | 868,710,000 | 868,710,000 | 868,710,000 | 901,710,000 | 901,710,000 | 901,710,000 | 901,710,000 | 949,710,000 | 963,710,000 | 959,712,000 | 959,712,000 | 948,164,000 | 937,881,000 | 908,744,000 | 698,635,000 | 60,212,000 | 60,212,000 | 59,969,000 | 53,401,000 | |||||||||||||||||||||||||||||||||||||
other intangible assets | 138,123,000 | 141,877,000 | 145,631,000 | 149,385,000 | 153,139,000 | 156,893,000 | 170,713,000 | 174,467,000 | 178,221,000 | 181,975,000 | 185,927,000 | 189,919,000 | 194,208,000 | 198,643,000 | 202,834,000 | 207,024,000 | 211,405,000 | 183,904,000 | |||||||||||||||||||||||||||||||||||||||||
receivables | 424,393,000 | 419,358,000 | 374,316,000 | 360,646,000 | 372,689,000 | 335,879,000 | 307,407,000 | 272,827,000 | 250,406,000 | 233,563,000 | 265,234,000 | 242,397,000 | 224,776,000 | 202,251,000 | 216,963,000 | 236,786,000 | 249,305,000 | 212,019,000 | 106,228,000 | 80,196,000 | 59,526,000 | 65,735,000 | 51,837,000 | 50,188,000 | 52,185,000 | 52,146,000 | |||||||||||||||||||||||||||||||||
committed investments in tax credit equity | 265,368,000 | 241,401,000 | 257,564,000 | 194,479,000 | 337,510,000 | 313,230,000 | 333,713,000 | 151,674,000 | 122,332,000 | 154,028,000 | 212,296,000 | 165,136,000 | 207,750,000 | 254,154,000 | 214,430,000 | 187,393,000 | 223,771,000 | 177,322,000 | |||||||||||||||||||||||||||||||||||||||||
other assets | 670,660,000 | 596,596,000 | 606,320,000 | 612,932,000 | 580,084,000 | 562,803,000 | 580,277,000 | 567,515,000 | 565,194,000 | 544,457,000 | 552,414,000 | 589,919,000 | 470,345,000 | 457,875,000 | 426,487,000 | 413,201,000 | 405,974,000 | 364,746,000 | 206,198,000 | 163,252,000 | 151,694,000 | 134,438,000 | 143,025,000 | 133,825,000 | 133,475,000 | 124,021,000 | 110,240,000 | 104,044,000 | 84,320,000 | 50,014,000 | 57,968,000 | 88,017,000 | 84,291,000 | 82,985,000 | 84,196,000 | 71,398,000 | 54,499,000 | 49,645,000 | 39,854,000 | 30,599,000 | 22,540,000 | 30,545,000 | 44,210,000 | 23,268,000 | 28,581,000 | 33,663,000 | 26,044,000 | 23,540,000 | 22,469,000 | 25,236,000 | 23,256,000 | 21,899,000 | 25,117,000 | 20,250,000 | 12,120,000 | 8,784,000 | 5,530,000 | 4,153,000 | 2,705,000 |
total assets | 6,165,460,000 | 5,059,478,000 | 5,797,275,000 | 4,675,040,000 | 4,511,878,000 | 4,381,993,000 | 4,579,231,000 | 4,175,398,000 | 3,825,912,000 | 4,052,347,000 | 4,277,851,000 | 4,807,424,000 | 4,493,052,000 | 4,045,359,000 | 6,003,013,000 | 4,534,772,000 | 4,339,631,000 | 5,205,989,000 | 5,116,862,000 | 3,943,121,000 | 3,203,965,000 | 4,650,975,000 | 5,299,703,000 | 3,793,049,000 | 3,311,975,000 | 2,675,199,000 | 2,981,001,000 | 2,994,217,000 | 2,968,893,000 | 2,782,057,000 | 3,568,236,000 | 2,560,580,000 | 2,051,277,000 | 2,208,427,000 | 4,500,460,000 | 2,766,035,000 | 2,481,538,000 | 3,052,432,000 | 2,431,117,000 | 3,296,024,000 | 1,495,305,000 | 3,514,991,000 | 2,169,196,000 | 1,911,534,000 | 2,227,503,000 | 2,014,027,000 | 1,654,215,000 | 1,465,578,000 | 1,141,558,000 | 1,128,966,000 | 1,067,716,000 | 1,098,232,000 | 1,059,555,000 | 1,878,704,000 | 676,196,000 | 517,456,000 | 376,414,000 | 680,790,000 | 311,316,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warehouse notes payable | 2,535,227,000 | 1,420,272,000 | 2,175,157,000 | 1,157,234,000 | 931,002,000 | 781,706,000 | 1,019,850,000 | 810,114,000 | 521,977,000 | 596,178,000 | 790,742,000 | 1,342,187,000 | 1,031,277,000 | 543,447,000 | 2,545,406,000 | 1,125,677,000 | 924,280,000 | 1,941,572,000 | 2,848,579,000 | 1,823,982,000 | 1,112,340,000 | 2,517,156,000 | 3,328,327,000 | 1,863,654,000 | 1,305,846,000 | 906,128,000 | 1,263,036,000 | 1,313,955,000 | 1,335,461,000 | 1,161,382,000 | 2,156,999,000 | 1,250,642,000 | 802,496,000 | 937,769,000 | 3,305,589,000 | 1,630,268,000 | 1,406,462,000 | 1,990,183,000 | 1,440,425,000 | 2,336,925,000 | 640,307,000 | 2,649,470,000 | 1,338,220,000 | 1,109,895,000 | 1,444,085,000 | 1,216,245,000 | 890,976,000 | 719,855,000 | 427,413,000 | 373,107,000 | 429,944,000 | 485,896,000 | 476,221,000 | 1,279,947,000 | 372,995,000 | 236,685,000 | 90,119,000 | 411,967,000 | 75,394,000 |
corporate notes payable | 825,816,000 | 829,218,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for risk-sharing obligations | 38,673,000 | 37,546,000 | 34,140,000 | 33,191,000 | 31,871,000 | 28,159,000 | 29,859,000 | 30,477,000 | 30,124,000 | 31,601,000 | 30,957,000 | 32,410,000 | 33,087,000 | 44,057,000 | 49,658,000 | 48,475,000 | 53,244,000 | 62,636,000 | 61,607,000 | 60,329,000 | 64,580,000 | 75,313,000 | 70,495,000 | 69,191,000 | 64,110,000 | 11,471,000 | 7,256,000 | 7,964,000 | 6,682,000 | 4,622,000 | 4,663,000 | 4,070,000 | 3,058,000 | 3,783,000 | 3,769,000 | 3,648,000 | 3,546,000 | 3,613,000 | 3,400,000 | 5,810,000 | 5,149,000 | 5,586,000 | 3,304,000 | 3,304,000 | 4,054,000 | 3,904,000 | 3,871,000 | 4,806,000 | 5,662,000 | 7,363,000 | 8,461,000 | 12,322,000 | 16,071,000 | 16,844,000 | 13,629,000 | 14,522,000 | 13,640,000 | 13,383,000 | 11,619,000 |
commitments to fund investments in tax credit equity | 256,121,000 | 219,949,000 | 223,788,000 | 168,863,000 | 295,052,000 | 274,975,000 | 289,250,000 | 134,493,000 | 114,206,000 | 140,259,000 | 196,250,000 | 156,617,000 | 196,522,000 | 239,281,000 | 198,073,000 | 173,740,000 | 206,605,000 | 162,747,000 | |||||||||||||||||||||||||||||||||||||||||
other liabilities | 775,837,000 | 569,630,000 | 756,815,000 | 725,297,000 | 684,308,000 | 527,860,000 | 724,543,000 | 695,813,000 | 651,660,000 | 519,450,000 | 754,234,000 | 775,718,000 | 739,759,000 | 554,157,000 | 780,012,000 | 784,719,000 | 779,376,000 | 425,912,000 | 470,654,000 | 394,037,000 | 429,782,000 | 313,193,000 | 427,073,000 | 396,527,000 | 347,377,000 | 211,813,000 | |||||||||||||||||||||||||||||||||
total liabilities | 4,431,674,000 | 3,313,616,000 | 4,019,809,000 | 2,913,242,000 | 2,767,789,000 | 2,622,130,000 | 2,832,878,000 | 2,441,604,000 | 2,090,004,000 | 2,306,218,000 | 2,546,860,000 | 3,082,927,000 | 2,777,956,000 | 2,328,530,000 | 4,308,310,000 | 2,868,997,000 | 2,702,460,000 | 3,627,782,000 | 3,732,926,000 | 2,649,626,000 | 1,958,833,000 | 3,454,753,000 | 4,184,578,000 | 2,702,498,000 | 2,268,660,000 | 1,632,914,000 | 1,978,759,000 | 2,029,982,000 | 2,040,821,000 | 1,874,865,000 | 2,661,807,000 | 1,686,959,000 | 1,219,010,000 | 1,393,446,000 | 3,784,128,000 | 2,079,284,000 | 1,833,380,000 | 2,437,358,000 | 1,858,337,000 | 2,757,890,000 | 989,053,000 | 3,022,642,000 | 1,702,277,000 | 1,468,728,000 | 1,813,859,000 | 1,580,576,000 | 1,246,129,000 | 1,074,440,000 | 764,055,000 | 726,125,000 | 677,246,000 | 718,179,000 | 696,505,000 | 1,538,915,000 | 495,832,000 | 347,407,000 | 224,146,000 | 535,282,000 | 177,559,000 |
temporary equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit interests of a wholly owned subsidiary subject to possible redemption | 752,000 | -1,036,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 332,000 | 334,000 | 333,000 | 333,000 | 333,000 | 332,000 | 332,000 | 331,000 | 331,000 | 329,000 | 328,000 | 327,000 | 327,000 | 323,000 | 323,000 | 323,000 | 324,000 | 320,000 | 312,000 | 310,000 | 310,000 | 307,000 | 306,000 | 304,000 | 303,000 | 300,000 | 300,000 | 300,000 | 300,000 | 295,000 | 304,000 | 304,000 | 301,000 | 300,000 | 299,000 | 301,000 | 301,000 | 296,000 | 294,000 | 294,000 | 294,000 | 295,000 | 292,000 | 291,000 | 289,000 | 318,000 | 318,000 | 318,000 | 316,000 | 340,000 | 339,000 | 338,000 | 336,000 | 334,000 | 218,000 | 218,000 | 216,000 | 216,000 | 216,000 |
additional paid-in capital | 454,215,000 | 450,434,000 | 444,127,000 | 438,129,000 | 432,788,000 | 429,000,000 | 412,570,000 | 407,426,000 | 427,184,000 | 425,488,000 | 420,062,000 | 412,182,000 | 405,303,000 | 412,636,000 | 407,417,000 | 403,668,000 | 387,009,000 | 393,022,000 | 271,562,000 | 255,676,000 | 248,069,000 | 241,004,000 | 230,302,000 | 238,094,000 | 236,007,000 | 237,877,000 | 231,297,000 | 227,621,000 | 223,742,000 | 235,152,000 | 240,721,000 | 234,564,000 | 226,332,000 | 229,173,000 | 226,098,000 | 222,989,000 | 218,908,000 | 228,889,000 | 223,603,000 | 218,818,000 | 217,684,000 | 215,575,000 | 210,321,000 | 206,862,000 | 202,140,000 | 224,164,000 | 215,050,000 | 213,215,000 | 212,496,000 | 244,954,000 | 243,790,000 | 241,429,000 | 238,971,000 | 234,981,000 | 82,770,000 | 81,747,000 | 80,822,000 | 80,141,000 | 79,521,000 |
accumulated other comprehensive income | 1,203,000 | 1,876,000 | 1,833,000 | 2,764,000 | 1,295,000 | 586,000 | 1,466,000 | 415,000 | -492,000 | -479,000 | -1,864,000 | -1,465,000 | -1,621,000 | -1,568,000 | -1,460,000 | -222,000 | 1,588,000 | 2,558,000 | 2,737,000 | 2,578,000 | 1,810,000 | 1,968,000 | 1,468,000 | 249,000 | -1,181,000 | 737,000 | 1,015,000 | 892,000 | 226,000 | -75,000 | -71,000 | -87,000 | -34,000 | ||||||||||||||||||||||||||
retained earnings | 1,264,446,000 | 1,282,390,000 | 1,319,274,000 | 1,308,792,000 | 1,297,764,000 | 1,317,945,000 | 1,295,459,000 | 1,288,728,000 | 1,288,313,000 | 1,298,412,000 | 1,287,653,000 | 1,287,334,000 | 1,281,119,000 | 1,278,035,000 | 1,256,663,000 | 1,229,712,000 | 1,205,384,000 | 1,154,252,000 | 1,090,506,000 | 1,034,931,000 | 994,943,000 | 952,943,000 | 883,049,000 | 851,904,000 | 801,139,000 | 796,775,000 | 763,195,000 | 730,562,000 | 698,894,000 | 666,752,000 | 660,102,000 | 633,508,000 | 600,257,000 | 579,943,000 | 484,963,000 | 458,819,000 | 424,252,000 | 381,031,000 | 344,241,000 | 314,613,000 | 283,950,000 | 272,030,000 | 251,619,000 | 231,368,000 | 211,215,000 | 208,969,000 | 192,718,000 | 177,605,000 | 164,691,000 | 157,547,000 | 146,341,000 | 138,286,000 | 123,743,000 | 104,474,000 | 97,376,000 | 88,084,000 | 71,230,000 | 65,151,000 | 54,020,000 |
total stockholders’ equity | 1,720,196,000 | 1,735,034,000 | 1,765,567,000 | 1,750,018,000 | 1,732,180,000 | 1,747,863,000 | 1,709,827,000 | 1,696,900,000 | 1,715,336,000 | 1,723,750,000 | 1,706,179,000 | 1,698,378,000 | 1,685,128,000 | 1,689,426,000 | 1,662,943,000 | 1,633,481,000 | 1,594,305,000 | 1,550,152,000 | 1,365,117,000 | 1,293,495,000 | 1,245,132,000 | 1,196,222,000 | 1,115,125,000 | 1,090,551,000 | 1,036,268,000 | 1,035,689,000 | 995,807,000 | 959,375,000 | 923,162,000 | 902,124,000 | 901,056,000 | 868,289,000 | 826,856,000 | 809,416,000 | 711,360,000 | 682,109,000 | 643,461,000 | 610,216,000 | 568,138,000 | 533,725,000 | 501,928,000 | 487,900,000 | 462,232,000 | 438,521,000 | 413,644,000 | 433,451,000 | 408,086,000 | 391,138,000 | 377,503,000 | 402,841,000 | 390,470,000 | 380,053,000 | 363,050,000 | 339,789,000 | 180,364,000 | 170,049,000 | 152,268,000 | 145,508,000 | 133,757,000 |
noncontrolling interests | 12,838,000 | 11,864,000 | 11,899,000 | 11,780,000 | 11,909,000 | 12,000,000 | 36,526,000 | 36,894,000 | 20,572,000 | 22,379,000 | 24,812,000 | 26,119,000 | 29,968,000 | 27,403,000 | 31,760,000 | 32,294,000 | 42,866,000 | 28,055,000 | 18,819,000 | 7,047,000 | 6,596,000 | 6,435,000 | 4,860,000 | 4,910,000 | 5,068,000 | 5,373,000 | 5,332,000 | 5,411,000 | 5,565,000 | 4,972,000 | 4,642,000 | 4,697,000 | 4,858,000 | 4,642,000 | 4,409,000 | 4,324,000 | 4,449,000 | 4,687,000 | 4,285,000 | ||||||||||||||||||||
total permanent equity | 1,733,034,000 | 1,746,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity, and permanent equity | 6,165,460,000 | 5,059,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 237,001,000 | 241,386,000 | 245,372,000 | 243,485,000 | 225,240,000 | 185,658,000 | 146,811,000 | 125,542,000 | 108,059,000 | 139,020,000 | 101,425,000 | 84,506,000 | 74,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 829,909,000 | 828,657,000 | 825,556,000 | 768,044,000 | 769,376,000 | 770,707,000 | 772,037,000 | 773,358,000 | 774,677,000 | 775,995,000 | 777,311,000 | 704,103,000 | 711,107,000 | 719,210,000 | 726,555,000 | 740,174,000 | 173,258,000 | 74,700,000 | 76,775,000 | 78,850,000 | 83,000,000 | 22,069,000 | 22,969,000 | 24,769,000 | 25,669,000 | 26,569,000 | |||||||||||||||||||||||||||||||||
total equity | 1,777,466,000 | 1,761,798,000 | 1,744,089,000 | 1,759,863,000 | 1,746,353,000 | 1,733,794,000 | 1,735,908,000 | 1,746,129,000 | 1,730,991,000 | 1,724,497,000 | 1,715,096,000 | 1,716,829,000 | 1,694,703,000 | 1,665,775,000 | 1,637,171,000 | 1,578,207,000 | 1,383,936,000 | 1,196,222,000 | 1,115,125,000 | 1,090,551,000 | 1,043,315,000 | 1,042,285,000 | 1,002,242,000 | 964,235,000 | 928,072,000 | 907,192,000 | 906,429,000 | 873,621,000 | 832,267,000 | 814,981,000 | 716,332,000 | 686,751,000 | 648,158,000 | 615,074,000 | 572,780,000 | 538,134,000 | 506,252,000 | 492,349,000 | 466,919,000 | 442,806,000 | |||||||||||||||||||
total liabilities and equity | 5,797,275,000 | 4,675,040,000 | 4,511,878,000 | 4,381,993,000 | 4,579,231,000 | 4,175,398,000 | 3,825,912,000 | 4,052,347,000 | 4,277,851,000 | 4,807,424,000 | 4,493,052,000 | 4,045,359,000 | 6,003,013,000 | 4,534,772,000 | 4,339,631,000 | 5,205,989,000 | 5,116,862,000 | 3,943,121,000 | 3,203,965,000 | 4,650,975,000 | 5,299,703,000 | 3,793,049,000 | 3,311,975,000 | 2,675,199,000 | 2,981,001,000 | 2,994,217,000 | 2,968,893,000 | 2,782,057,000 | 3,568,236,000 | 2,560,580,000 | 2,051,277,000 | 2,208,427,000 | 4,500,460,000 | 2,766,035,000 | 2,481,538,000 | 3,052,432,000 | 2,431,117,000 | 3,296,024,000 | 1,495,305,000 | 3,514,991,000 | 2,169,196,000 | 1,911,534,000 | |||||||||||||||||
loans held for investment | 180,890,000 | 200,247,000 | 247,106,000 | 247,243,000 | 216,620,000 | 269,125,000 | 233,685,000 | 272,033,000 | 281,788,000 | 360,402,000 | 342,056,000 | 404,527,000 | 454,213,000 | 543,542,000 | 454,430,000 | 432,593,000 | 471,561,000 | 497,291,000 | 203,824,000 | 130,397,000 | 59,886,000 | 66,510,000 | 152,050,000 | 167,540,000 | 311,242,000 | 220,377,000 | 261,915,000 | 239,861,000 | 190,551,000 | 231,493,000 | 344,897,000 | 314,737,000 | 231,740,000 | 223,059,000 | 205,091,000 | 192,706,000 | 185,631,000 | 134,656,000 | 118,864,000 | 47,151,000 | 9,487,000 | 16,426,000 | 16,392,000 | 6,947,000 | |||||||||||||||
derivative assets | 255,295,000 | 59,810,000 | 112,023,000 | 37,364,000 | 85,486,000 | 36,751,000 | 58,130,000 | 49,786,000 | 37,290,000 | 27,085,000 | 158,233,000 | 15,568,000 | 25,554,000 | 22,420,000 | 27,605,000 | 35,536,000 | 28,182,000 | 26,632,000 | 20,417,000 | 10,357,000 | 43,853,000 | 24,991,000 | 15,446,000 | 61,824,000 | 33,796,000 | 28,358,000 | 16,130,000 | 11,678,000 | 15,821,000 | 27,427,000 | 38,495,000 | 14,535,000 | 26,494,000 | 18,505,000 | 14,216,000 | 19,563,000 | 13,357,000 | 39,651,000 | 8,306,000 | 37,986,000 | 9,501,000 | 10,264,000 | 12,926,000 | 15,365,000 | 6,800,000 | ||||||||||||||
derivative liabilities | 24,054,000 | 17,176,000 | 12,400,000 | 6,403,000 | 13,263,000 | 30,411,000 | 9,250,000 | 5,066,000 | 3,858,000 | 13,739,000 | 172,623,000 | 36,000 | 17,726,000 | 35,122,000 | 29,891,000 | 32,697,000 | 524,000 | 8,669,000 | 7,455,000 | 1,850,000 | 175,000 | 500,000 | 9,449,000 | 4,396,000 | 2,918,000 | 29,483,000 | 7,563,000 | 1,333,000 | 6,833,000 | 3,516,000 | 14,821,000 | 4,877,000 | 2,586,000 | 3,019,000 | 657,000 | 222,000 | 8,444,000 | 5,315,000 | 3,936,000 | 17,881,000 | 1,899,000 | 762,000 | 9,722,000 | 5,673,000 | 344,000 | ||||||||||||||
guaranty obligation | 47,378,000 | 49,060,000 | 50,369,000 | 51,836,000 | 52,306,000 | 53,474,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
performance deposits from borrowers | 15,720,000 | 14,468,000 | 9,079,000 | 11,696,000 | 29,575,000 | 7,996,000 | 8,711,000 | 14,737,000 | 17,471,000 | 20,335,000 | 16,122,000 | 29,083,000 | 16,717,000 | 6,461,000 | 16,575,000 | 14,894,000 | 9,424,000 | 10,480,000 | 13,885,000 | 16,799,000 | 9,543,000 | 5,112,000 | 7,085,000 | 8,663,000 | 20,431,000 | 13,668,000 | 19,316,000 | 8,814,000 | 8,633,000 | 5,234,000 | 7,995,000 | 10,210,000 | 6,694,000 | 12,188,000 | 7,552,000 | 5,806,000 | 9,558,000 | 10,598,000 | 7,003,000 | ||||||||||||||||||||
goodwill and other intangible assets | 341,703,000 | 268,018,000 | 262,906,000 | 250,838,000 | 251,002,000 | 251,165,000 | 247,257,000 | 182,959,000 | 183,122,000 | 183,286,000 | 183,449,000 | 177,093,000 | 157,077,000 | 157,240,000 | 124,526,000 | 124,543,000 | 124,571,000 | 124,621,000 | 124,670,000 | 97,372,000 | 91,340,000 | 91,389,000 | 91,439,000 | 91,488,000 | 91,962,000 | 92,390,000 | 76,205,000 | 76,586,000 | 61,215,000 | 61,232,000 | 61,250,000 | 61,777,000 | |||||||||||||||||||||||||||
note payable | 289,763,000 | 290,498,000 | 291,045,000 | 291,593,000 | 292,272,000 | 292,819,000 | 293,371,000 | 293,964,000 | 294,255,000 | 294,840,000 | 295,425,000 | 296,010,000 | 163,626,000 | 163,704,000 | 163,781,000 | 163,858,000 | 163,935,000 | 164,011,000 | 164,088,000 | 164,163,000 | 164,238,000 | 164,313,000 | 164,388,000 | 164,462,000 | 164,549,000 | 164,627,000 | 171,393,000 | 171,766,000 | 172,139,000 | 172,512,000 | 172,885,000 | ||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guaranty obligation, net of accumulated amortization | 54,872,000 | 55,758,000 | 54,695,000 | 52,656,000 | 51,414,000 | 49,376,000 | 46,870,000 | 44,413,000 | 42,470,000 | 41,424,000 | 41,187,000 | 38,300,000 | 36,492,000 | 35,311,000 | 32,292,000 | 30,938,000 | 28,406,000 | 28,552,000 | 27,570,000 | 27,702,000 | 27,140,000 | 25,333,000 | 24,975,000 | 23,794,000 | 23,234,000 | 22,909,000 | 23,489,000 | 22,762,000 | 22,735,000 | 22,352,000 | 20,114,000 | 10,746,000 | 10,447,000 | 9,669,000 | 9,398,000 | 9,136,000 | |||||||||||||||||||||||
preferred shares, authorized 50,000; none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, 50,000 authorized; none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing fees and other receivables | 56,149,000 | 51,982,000 | 52,643,000 | 50,419,000 | 49,457,000 | 44,804,000 | 30,829,000 | 41,693,000 | 34,476,000 | 34,794,000 | 35,882,000 | 29,459,000 | 28,316,000 | 36,300,000 | 21,712,000 | 23,844,000 | 27,653,000 | 29,290,000 | 28,724,000 | 23,234,000 | 29,244,000 | 23,522,000 | 23,811,000 | 27,592,000 | 26,638,000 | 25,704,000 | 29,416,000 | 28,443,000 | 17,540,000 | 15,140,000 | 21,094,000 | 21,116,000 | 13,364,000 | ||||||||||||||||||||||||||
accounts payable and other liabilities | 335,119,000 | 311,950,000 | 306,515,000 | 187,407,000 | 275,460,000 | 188,321,000 | 184,079,000 | 130,479,000 | 255,785,000 | 229,471,000 | 205,100,000 | 93,211,000 | 202,533,000 | 176,154,000 | 133,551,000 | 67,684,000 | 154,584,000 | 151,583,000 | 133,742,000 | 60,635,000 | 133,447,000 | 142,200,000 | 125,896,000 | 69,206,000 | 124,940,000 | ||||||||||||||||||||||||||||||||||
preferred shares, 50,000 authorized, none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, authorized 50,000, none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, authorized 50,000, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,227,503,000 | 2,014,027,000 | 1,654,215,000 | 1,465,578,000 | 1,141,558,000 | 1,128,966,000 | 1,067,716,000 | 1,098,232,000 | 1,059,555,000 | 1,878,704,000 | 676,196,000 | 517,456,000 | 376,414,000 | 680,790,000 | 311,316,000 | ||||||||||||||||||||||||||||||||||||||||||||
preferred shares, authorized 50,000,000, none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, 50,000,000 authorized, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 1,828,000 | 2,900,000 | 3,348,000 | 12,490,000 | 1,213,000 | 1,231,000 | 1,248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other accruals | 104,926,000 | 36,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, authorized 50,000,000, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liability | 56,035,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other accrued expenses | 108,941,000 | 66,942,000 | 56,216,000 | 66,669,000 | 58,594,000 | 47,494,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares. authorized 50,000,000, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares. authorized 50,000,000, none issued. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | 108,912,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before noncontrolling interests and temporary equity holders | 17,928,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains attributable to the fair value of future servicing rights, net of guaranty obligation | -46,773,000 | -50,060,000 | -48,657,000 | -53,153,000 | -27,811,000 | -55,920,000 | -43,426,000 | -33,349,000 | -20,898,000 | -34,471,000 | -35,375,000 | -42,058,000 | -30,013,000 | -31,790,000 | -55,291,000 | -51,949,000 | -52,730,000 | -77,879,000 | -89,482,000 | -61,849,000 | -57,935,000 | -121,566,000 | -78,065,000 | -90,369,000 | -68,000,000 | -47,771,000 | -50,786,000 | -41,271,000 | -40,938,000 | -53,088,000 | -39,576,000 | -47,044,000 | -32,693,000 | -52,901,000 | -50,781,000 | -44,669,000 | -45,535,000 | -65,101,000 | -48,228,000 | -55,579,000 | -23,917,000 | -36,140,000 | |||||||||||||||||
change in the fair value of premiums and origination fees | -13,412,000 | 11,352,000 | 7,311,000 | -17,872,000 | 1,074,000 | 4,987,000 | -4,804,000 | -6,278,000 | 9,225,000 | -9,094,000 | 4,822,000 | -724,000 | 2,536,000 | 5,574,000 | 734,000 | 4,969,000 | 2,883,000 | 12,541,000 | -2,138,000 | -12,515,000 | 21,562,000 | -8,588,000 | 1,066,000 | -3,045,000 | -22,414,000 | 5,121,000 | -18,000 | -2,017,000 | 2,955,000 | -2,811,000 | 1,301,000 | -4,472,000 | 945,000 | 1,234,000 | 2,626,000 | -1,957,000 | 3,878,000 | 6,932,000 | -5,774,000 | -11,891,000 | -63,000 | -691,000 | |||||||||||||||||
amortization and depreciation | 62,964,000 | 62,084,000 | 60,041,000 | 58,936,000 | 57,621,000 | 68,054,000 | 57,561,000 | 56,043,000 | 55,891,000 | 56,015,000 | 57,479,000 | 56,292,000 | 56,966,000 | 57,930,000 | 59,846,000 | 61,103,000 | 56,152,000 | 61,405,000 | 53,498,000 | 48,510,000 | 46,871,000 | 45,013,000 | 41,919,000 | 42,317,000 | 39,762,000 | 39,552,000 | 37,636,000 | 37,381,000 | 37,903,000 | 36,271,000 | 36,739,000 | 35,489,000 | 33,635,000 | 33,705,000 | 32,343,000 | 32,860,000 | 32,338,000 | 30,603,000 | 29,244,000 | 26,425,000 | 25,155,000 | 24,385,000 | 25,644,000 | 23,470,000 | 24,674,000 | 22,764,000 | 19,818,000 | 19,097,000 | 18,459,000 | 18,714,000 | 20,513,000 | 18,176,000 | 18,552,000 | 17,000,000 | 6,743,000 | 7,259,000 | 6,267,000 | 5,084,000 | 4,907,000 |
provision for credit losses | 4,118,000 | 3,105,000 | 949,000 | 1,820,000 | 3,712,000 | 4,529,000 | 2,850,000 | 2,936,000 | 524,000 | 636,000 | 421,000 | -734,000 | -10,775,000 | 1,142,000 | -9,498,000 | 1,093,000 | 1,266,000 | -4,326,000 | -11,320,000 | 5,450,000 | 3,483,000 | 4,903,000 | 23,643,000 | 4,409,000 | -772,000 | 961,000 | 2,675,000 | -34,000 | 519,000 | 800,000 | -477,000 | -27,000 | 9,000 | -93,000 | -132,000 | -778,000 | 283,000 | 292,000 | -409,000 | 1,068,000 | 94,000 | 398,000 | 84,000 | 611,000 | 1,487,000 | 279,000 | -171,000 | ||||||||||||
indemnified and repurchased loans expenses - loan repurchase losses | 6,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations of loans held for sale | -3,906,787,000 | -5,922,141,000 | -5,946,275,000 | -4,110,916,000 | -1,199,612,000 | -4,996,033,000 | -3,615,068,000 | -2,004,467,000 | -1,187,645,000 | -2,977,355,000 | -2,996,158,000 | -2,893,392,000 | -2,512,635,000 | -4,074,168,000 | -5,072,302,000 | -5,620,640,000 | -3,185,019,000 | -5,049,336,000 | -5,468,304,000 | -3,715,975,000 | -3,577,153,000 | -5,642,284,000 | -7,113,394,000 | -3,168,168,000 | -3,648,769,000 | -4,184,198,000 | -4,140,539,000 | -3,773,443,000 | -1,476,449,000 | ||||||||||||||||||||||||||||||
proceeds from transfers of loans held for sale | 2,795,446,000 | 6,682,041,000 | 4,920,232,000 | 3,743,261,000 | 999,647,000 | 5,414,178,000 | 3,406,138,000 | 1,698,973,000 | 1,260,295,000 | 3,176,622,000 | 3,519,016,000 | 2,502,771,000 | 2,001,507,000 | 6,041,355,000 | 3,645,596,000 | 5,439,653,000 | 4,198,206,000 | 5,972,031,000 | 4,434,608,000 | 3,107,716,000 | 4,917,187,000 | ||||||||||||||||||||||||||||||||||||||
other operating activities | -64,346,000 | -4,182,000 | 24,859,000 | 105,523,000 | -118,464,000 | 100,653,000 | -33,943,000 | 28,001,000 | -89,810,000 | 87,269,000 | -22,730,000 | 17,965,000 | -81,728,000 | 18,592,000 | 52,905,000 | -462,000 | -68,955,000 | 42,441,000 | 26,031,000 | -81,572,000 | 10,446,000 | 32,731,000 | 8,315,000 | 6,263,000 | 5,867,000 | -30,978,000 | -880,048,000 | -456,993,000 | 138,920,000 | -1,767,441,000 | -244,651,000 | 610,493,000 | 939,031,000 | -1,626,094,000 | 1,940,132,000 | -221,984,000 | 417,397,000 | -228,032,000 | -120,963,000 | -287,651,000 | -87,247,000 | ||||||||||||||||||
net cash from operating activities | -1,143,912,000 | 803,369,000 | -948,119,000 | -238,452,000 | -281,108,000 | 530,817,000 | -202,009,000 | -237,846,000 | 38,397,000 | 331,894,000 | 548,619,000 | -334,359,000 | -546,672,000 | 2,049,470,000 | -1,320,635,000 | -118,059,000 | 971,928,000 | 1,067,434,000 | -956,321,000 | -556,350,000 | 1,315,692,000 | 885,498,000 | -1,474,225,000 | -530,017,000 | -292,626,000 | 520,589,000 | 66,176,000 | -23,842,000 | -135,362,000 | 1,161,534,000 | -843,308,000 | -431,187,000 | 177,037,000 | 2,396,074,000 | -1,748,536,000 | -223,998,000 | 644,102,000 | -506,546,000 | 944,417,000 | -1,634,736,000 | 1,956,231,000 | -1,348,857,000 | -204,670,000 | 434,548,000 | -220,659,000 | -257,592,000 | -116,920,000 | -280,066,000 | -74,918,000 | 85,857,000 | -762,098,000 | -118,801,000 | -21,377,000 | -340,454,000 | 182,394,000 | ||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -1,887,000 | -7,265,000 | -2,312,000 | -2,567,000 | -3,628,000 | -3,936,000 | -1,969,000 | -3,835,000 | -3,221,000 | -2,321,000 | -4,379,000 | -6,975,000 | -2,526,000 | -2,693,000 | -7,400,000 | -112,000 | -11,790,000 | -3,701,000 | -1,707,000 | -2,006,000 | -1,794,000 | -933,000 | -511,000 | -761,000 | -778,000 | -545,000 | -774,000 | -1,931,000 | -1,461,000 | -2,757,000 | -814,000 | -635,000 | -516,000 | -569,000 | -2,589,000 | -1,205,000 | -844,000 | -657,000 | -1,044,000 | -293,000 | -484,000 | -132,000 | -341,000 | -492,000 | -448,000 | -1,578,000 | -253,000 | -542,000 | -152,000 | -180,000 | -908,000 | -1,838,000 | -1,922,000 | -375,000 | -265,000 | ||||
free cash flows | -1,145,799,000 | 796,104,000 | -950,431,000 | -241,019,000 | -284,736,000 | 526,881,000 | -203,978,000 | -241,681,000 | 35,176,000 | 329,573,000 | 544,240,000 | -341,334,000 | -549,198,000 | 2,046,777,000 | -1,328,035,000 | -118,171,000 | 960,138,000 | 1,063,733,000 | -958,028,000 | -558,356,000 | 1,313,898,000 | 884,565,000 | -1,474,736,000 | -530,778,000 | -293,404,000 | 520,044,000 | 65,402,000 | -25,773,000 | -136,823,000 | 1,158,777,000 | -844,122,000 | -431,822,000 | 176,521,000 | 2,395,505,000 | -1,751,125,000 | -225,203,000 | 643,258,000 | -507,203,000 | 943,373,000 | -1,635,029,000 | 1,955,747,000 | -1,348,989,000 | -205,011,000 | 434,056,000 | -221,107,000 | -259,170,000 | -117,173,000 | -280,608,000 | -75,070,000 | 85,677,000 | -763,006,000 | -120,639,000 | -23,299,000 | -340,829,000 | 182,129,000 | ||||
capital invested in equity-method investments | -3,118,000 | -8,628,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of pledged available-for-sale ("afs") securities | -22,894,000 | -15,000,000 | -10,000,000 | -5,000,000 | -16,989,000 | -30,500,000 | 0 | -12,900,000 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from prepayment and sale of pledged afs securities | 3,341,000 | 14,923,000 | 7,153,000 | 2,141,000 | 2,406,000 | 2,390,000 | 3,576,000 | 516,000 | 3,061,000 | 1,405,000 | 4,467,000 | 2,010,000 | 2,797,000 | 4,779,000 | 3,160,000 | 4,429,000 | 1,672,000 | 16,520,000 | 6,689,000 | 1,208,000 | 20,884,000 | ||||||||||||||||||||||||||||||||||||||
originations and repurchase of loans held for investment | -23,418,000 | -236,000 | 236,000 | -11,010,000 | -13,371,000 | -12,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 7,897,000 | 3,700,000 | 3,141,000 | 1,719,000 | 1,165,000 | 10,224,000 | 4,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -40,079,000 | -12,506,000 | -2,909,000 | -22,544,000 | -39,382,000 | -992,000 | -7,532,000 | -4,561,000 | -25,050,000 | -19,700,000 | 35,953,000 | 101,332,000 | 9,284,000 | 37,213,000 | -57,062,000 | -69,488,000 | -44,440,000 | -426,876,000 | -26,086,000 | -5,768,000 | 81,179,000 | -32,445,000 | 73,653,000 | 38,061,000 | 35,910,000 | -96,500,000 | -13,912,000 | 18,322,000 | 12,385,000 | -346,222,000 | -67,426,000 | -126,202,000 | -12,388,000 | 76,730,000 | 121,939,000 | 16,405,000 | -110,938,000 | 9,961,000 | -22,791,000 | -93,937,000 | 40,006,000 | 113,846,000 | -30,346,000 | -96,864,000 | -8,868,000 | -43,120,000 | -13,126,000 | -7,712,000 | -51,682,000 | -16,380,000 | -74,239,000 | -38,832,000 | -1,188,000 | -209,018,000 | -11,262,000 | -8,865,000 | -1,046,000 | -375,000 | -265,000 |
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) of warehouse notes payable | 1,118,166,000 | -756,302,000 | 1,021,806,000 | 359,219,000 | 199,823,000 | -418,792,000 | 230,300,000 | 296,556,000 | -74,359,000 | -197,373,000 | -515,035,000 | 385,856,000 | 516,288,000 | -1,964,390,000 | 1,420,139,000 | 180,091,000 | -1,006,545,000 | -969,799,000 | 1,078,168,000 | 656,423,000 | -1,400,704,000 | -779,157,000 | 1,488,325,000 | 589,539,000 | 419,763,000 | -421,236,000 | -76,040,000 | -22,402,000 | 151,814,000 | -1,089,552,000 | 905,697,000 | 447,858,000 | -124,705,000 | -2,316,009,000 | 1,775,235,000 | 236,226,000 | -650,492,000 | 589,832,000 | -906,062,000 | 1,394,935,000 | 205,445,000 | -397,994,000 | 221,525,000 | 154,466,000 | 289,710,000 | 16,333,000 | |||||||||||||
repayments of corporate notes payable | -1,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings of corporate notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -19,100,000 | -183,000 | -1,038,000 | -645,000 | -8,587,000 | -369,000 | -1,414,000 | -809,000 | -9,789,000 | -1,583,000 | -871,000 | -662,000 | -17,395,000 | -1,694,000 | -1,295,000 | -12,331,000 | -27,049,000 | -3,186,000 | -1,496,000 | -816,000 | -13,374,000 | -3,249,000 | -15,383,000 | -405,000 | -26,737,000 | -826,000 | -3,935,000 | -1,756,000 | -24,159,000 | -42,120,000 | -5,255,000 | -57,000 | -21,400,000 | -6,036,000 | -11,273,000 | -49,000 | -17,541,000 | -519,000 | -395,000 | -3,634,000 | -8,345,000 | -199,000 | -381,000 | -1,877,000 | -47,804,000 | -61,000 | -236,000 | -1,399,000 | -35,897,000 | -707,000 | |||||||||
cash dividends paid | -23,605,000 | -22,974,000 | -22,970,000 | -22,923,000 | -22,935,000 | -22,350,000 | -22,071,000 | -22,248,000 | -21,965,000 | -21,296,000 | -21,139,000 | -21,180,000 | -21,221,000 | -20,120,000 | -19,882,000 | -20,066,000 | -20,077,000 | -16,185,000 | -16,146,000 | -16,070,000 | -16,052,000 | -11,366,000 | -11,343,000 | -11,294,000 | -11,347,000 | -9,336,000 | -9,306,000 | -9,311,000 | -9,319,000 | -7,845,000 | -7,901,000 | -7,861,000 | -7,838,000 | ||||||||||||||||||||||||||
payment of contingent consideration | -60,000 | -1,393,000 | 0 | -9,454,000 | -1,500,000 | 0 | -8,444,000 | -12,053,000 | -13,820,000 | 0 | -400,000 | 0 | -25,690,000 | -1,471,000 | -2,108,000 | 0 | -17,612,000 | 0 | 0 | 0 | -1,641,000 | 0 | 0 | 0 | -6,450,000 | 0 | 0 | 0 | -5,150,000 | ||||||||||||||||||||||||||||||
debt issuance costs | -343,000 | -350,000 | -697,000 | -847,000 | -14,117,000 | -480,000 | -513,000 | -867,000 | -994,000 | -3,460,000 | -506,000 | -1,258,000 | -1,006,000 | -567,000 | -9,970,000 | -1,429,000 | -564,000 | -769,000 | -1,958,000 | -408,000 | -968,000 | -964,000 | -2,066,000 | -736,000 | -905,000 | -824,000 | -4,762,000 | -669,000 | -795,000 | -1,086,000 | -2,201,000 | -636,000 | -728,000 | -325,000 | -1,205,000 | -736,000 | -3,295,000 | -57,000 | -131,000 | -662,000 | |||||||||||||||||||
other financing activities | 112,000 | -2,027,000 | 150,000 | 105,000 | -1,052,000 | -640,000 | -673,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 1,074,045,000 | -784,354,000 | 996,126,000 | 324,330,000 | 222,026,000 | -468,567,000 | 194,691,000 | 243,300,000 | -124,153,000 | -221,438,000 | -567,817,000 | 282,220,000 | 513,804,000 | -2,033,458,000 | 1,386,993,000 | 159,297,000 | -1,096,656,000 | -651,991,000 | 997,264,000 | 620,260,000 | -1,423,259,000 | -823,631,000 | 1,437,284,000 | 539,227,000 | 364,747,000 | -367,663,000 | -65,844,000 | -34,606,000 | 136,475,000 | -916,577,000 | 962,520,000 | 442,085,000 | -166,198,000 | -2,374,694,000 | 1,662,734,000 | 222,142,000 | -599,673,000 | 548,669,000 | -898,732,000 | 1,691,442,000 | -2,035,001,000 | 1,311,836,000 | 227,390,000 | -335,411,000 | 181,689,000 | 329,453,000 | 148,384,000 | 290,804,000 | 19,286,000 | 40,118,000 | 1,007,576,000 | 135,405,000 | 17,236,000 | 335,673,000 | -172,024,000 | ||||
net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | -109,946,000 | 6,509,000 | 45,098,000 | 63,334,000 | -98,464,000 | 61,258,000 | -14,850,000 | 893,000 | -110,806,000 | 90,756,000 | 16,755,000 | 49,193,000 | -23,584,000 | 53,225,000 | 9,296,000 | -28,250,000 | -169,168,000 | -11,433,000 | 14,857,000 | 58,142,000 | -26,388,000 | 29,422,000 | 36,712,000 | 47,271,000 | 108,031,000 | 56,426,000 | -13,580,000 | -40,126,000 | 13,498,000 | -101,265,000 | 51,786,000 | -115,304,000 | -1,549,000 | 98,110,000 | 36,137,000 | 14,549,000 | -66,509,000 | ||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 344,375,000 | 0 | 0 | 0 | 327,898,000 | 0 | 0 | 0 | 391,403,000 | 0 | 0 | 0 | 258,283,000 | 0 | 0 | 0 | 393,180,000 | 0 | 0 | 0 | 358,002,000 | 0 | 0 | 0 | 136,566,000 | 0 | 0 | 0 | 120,348,000 | 0 | 0 | 0 | 286,680,000 | 0 | 0 | 0 | 213,467,000 | ||||||||||||||||||||||
total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 234,429,000 | 6,509,000 | 45,098,000 | 63,334,000 | 229,434,000 | 61,258,000 | -14,850,000 | 893,000 | 280,597,000 | 90,756,000 | 16,755,000 | 49,193,000 | 234,699,000 | 53,225,000 | 9,296,000 | -28,250,000 | 224,012,000 | -11,433,000 | 14,857,000 | 58,142,000 | 331,614,000 | 29,422,000 | 36,712,000 | 47,271,000 | 244,597,000 | 56,426,000 | -13,580,000 | -40,126,000 | 133,846,000 | -101,265,000 | 51,786,000 | -115,304,000 | 285,131,000 | 98,110,000 | 36,137,000 | 14,549,000 | 146,958,000 | ||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid to third parties for interest | 20,113,000 | 48,203,000 | 23,852,000 | 20,226,000 | 14,867,000 | 32,289,000 | 29,455,000 | 25,523,000 | 18,145,000 | 27,432,000 | 34,516,000 | 25,754,000 | 26,393,000 | 28,071,000 | 20,567,000 | 14,986,000 | 13,037,000 | 8,198,000 | 7,087,000 | 9,621,000 | 8,879,000 | 13,030,000 | 11,207,000 | 12,479,000 | 15,082,000 | 18,218,000 | 17,785,000 | 21,115,000 | 13,977,000 | 10,838,000 | 10,500,000 | 21,981,000 | 11,773,000 | 10,774,000 | 11,739,000 | 10,719,000 | 10,584,000 | 6,128,000 | 11,880,000 | 8,041,000 | 7,766,000 | 9,254,000 | 7,793,000 | 7,240,000 | 5,646,000 | 5,929,000 | 5,135,000 | 3,496,000 | 3,080,000 | 3,475,000 | 4,762,000 | 1,677,000 | 1,439,000 | 1,180,000 | 1,144,000 | 925,000 | 800,000 | ||
cash paid for income taxes, net of cash refunds received | 68,000 | 1,096,000 | 5,616,000 | 15,985,000 | -75,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation–equity and liability classified | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustments to contingent consideration liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid to settle risk-sharing obligations | -355,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate held for investment and equity method investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 22,000 | 3,492,000 | 5,880,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal collected on loans held for investment | 38,042,000 | 1,079,000 | -139,000 | 31,541,000 | 109,792,000 | 19,468,000 | 48,611,000 | 2,000,000 | 18,500,000 | 53,000,000 | 252,138,000 | 191,675,000 | 92,158,000 | 113,495,000 | 52,580,000 | 48,400,000 | 238,000,000 | 54,700,000 | 91,572,000 | 41,548,000 | 149,403,000 | 0 | 91,748,000 | 70,000,000 | 58,636,000 | 29,720,000 | 0 | ||||||||||||||||||||||||||||||||
repayments of interim warehouse notes payable | -11,701,000 | 0 | -11,424,000 | -2,460,000 | 0 | -28,249,000 | -77,065,000 | -14,521,000 | -37,858,000 | 0 | -14,800,000 | -11,200,000 | -70,722,000 | -123,103,000 | -4,640,000 | -29,534,000 | -58,100,000 | -24,901,000 | -35,109,000 | -49,850,000 | -29,344,000 | -6,263,000 | -1,000 | 0 | -50,455,000 | -10,594,000 | -61,978,000 | -100,319,000 | -39,315,000 | -36,300,000 | -216,840,000 | -41,025,000 | -67,404,000 | -30,469,000 | -108,352,000 | 0 | -68,811,000 | -45,500,000 | -43,977,000 | -21,653,000 | 0 | ||||||||||||||||||
purchase of noncontrolling interests | -12,709,000 | -1,000,000 | 0 | -5,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before noncontrolling interests | 33,421,000 | 33,949,000 | 2,725,000 | 41,165,000 | 28,683,000 | 20,295,000 | 10,815,000 | 29,036,000 | 21,144,000 | 25,521,000 | 27,470,000 | 37,635,000 | 46,659,000 | 54,107,000 | 70,530,000 | 79,730,000 | 71,790,000 | 56,058,000 | 58,052,000 | 83,099,000 | 53,190,000 | 62,059,000 | 47,605,000 | 42,955,000 | 44,069,000 | 42,146,000 | 44,060,000 | 45,445,000 | 37,757,000 | 41,033,000 | 36,707,000 | 99,554,000 | 34,708,000 | 34,512,000 | 43,060,000 | 37,006,000 | 29,861,000 | 32,111,000 | 15,333,000 | 20,280,000 | 20,711,000 | ||||||||||||||||||
repayments of notes payable | -1,125,000 | -1,125,000 | -328,481,000 | -2,006,000 | -2,007,000 | -2,006,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -116,046,000 | -7,142,000 | -8,243,000 | -7,485,000 | -13,759,000 | -74,700,000 | |||||||||||||||||||||||||||||||||||||||||||
borrowings of notes payable | 0 | 0 | 398,875,000 | 0 | 0 | 0 | 196,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity-method investments | -7,827,000 | -8,965,000 | -4,903,000 | -2,966,000 | -7,489,000 | -4,048,000 | -9,617,000 | 169,000 | -4,182,000 | -11,049,000 | -1,001,000 | -13,069,000 | -6,088,000 | -5,941,000 | -25,417,000 | -4,781,000 | -2,124,000 | -1,124,000 | -708,000 | -124,000 | -287,000 | -563,000 | |||||||||||||||||||||||||||||||||||||
gain from revaluation of previously held equity-method investment | 0 | 0 | 0 | -39,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash received | 0 | -35,698,000 | 0 | -78,465,000 | -358,347,000 | -51,701,000 | -3,001,000 | -7,506,000 | 0 | 0 | -3,000,000 | -43,784,000 | 0 | 0 | 0 | -7,180,000 | -20,147,000 | 0 | 0 | 0 | 0 | -15,000,000 | |||||||||||||||||||||||||||||||||||||
borrowings of interim warehouse notes payable | 0 | 0 | 111,914,000 | 69,895,000 | 59,453,000 | 25,313,000 | 26,742,000 | 901,000 | 3,229,000 | 29,898,000 | 94,087,000 | 30,921,000 | 32,781,000 | 21,976,000 | 94,588,000 | 0 | 11,680,000 | 1,000 | 26,283,000 | 102,377,000 | 177,350,000 | 49,615,000 | 26,568,000 | 22,504,000 | 82,010,000 | 6,315,000 | 79,655,000 | 62,155,000 | 46,644,000 | 59,570,000 | 10,474,000 | ||||||||||||||||||||||||||||
cash paid for income taxes | 11,971,000 | 4,247,000 | 5,849,000 | 19,571,000 | 1,236,000 | 2,425,000 | 10,799,000 | 44,010,000 | 1,290,000 | 12,005,000 | 19,958,000 | 1,358,000 | 121,000 | 6,243,000 | 8,800,000 | 24,493,000 | 372,000 | 8,560,000 | 5,869,000 | 30,494,000 | 805,000 | 6,817,000 | 10,959,000 | 15,116,000 | 12,632,000 | 11,371,000 | 6,635,000 | ||||||||||||||||||||||||||||||||
repurchase of agency loans | 0 | -13,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from joint ventures | 627,000 | 3,520,000 | 3,912,000 | 791,000 | 733,000 | 647,000 | 567,000 | 2,118,000 | 9,241,000 | 13,053,000 | 11,899,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
originations of loans held for investment | -104,000 | -139,000 | -3,630,000 | -1,715,000 | -48,950,000 | -107,000 | -287,969,000 | -153,650,000 | -82,337,000 | -33,750,000 | -162,203,000 | -208,622,000 | -70,900,000 | -50,040,000 | -33,362,000 | -372,520,000 | -73,615,000 | -144,435,000 | -7,319,000 | -16,236,000 | -601,000 | -27,637,000 | -139,442,000 | -195,805,000 | -77,116,000 | -35,425,000 | -30,005,000 | -106,525,000 | -8,420,000 | -109,873,000 | -82,873,000 | -65,806,000 | -81,250,000 | -16,200,000 | |||||||||||||||||||||||||
proceeds from issuance of common stock | 1,220,000 | 1,197,000 | 1,737,000 | 0 | 449,000 | 223,000 | 0 | 110,000 | 153,000 | -4,000 | -7,881,000 | 531,000 | 12,606,000 | 1,434,000 | 6,022,000 | 196,000 | 6,369,000 | 1,058,000 | 265,000 | 1,000 | 4,187,000 | 10,000 | 872,000 | 3,216,000 | 4,851,000 | 126,000 | 2,000 | 1,000 | 2,884,000 | 326,000 | 148,000 | 0 | 3,291,000 | 1,876,000 | 0 | 2,858,000 | 2,819,000 | 6,038,000 | 1,000 | 250,000 | 1,467,000 | -50,000 | 650,000 | 420,000 | 119,000 | 150,697,000 | 0 | 1,000 | 0 | 0 | 2,053,000 | ||||||||
distributions to noncontrolling interest holders | -500,000 | 130,000 | -993,000 | -1,735,000 | -600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid (refunded) for income taxes | -604,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in joint ventures | 0 | 0 | 0 | -5,040,000 | -8,653,000 | -19,260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of secured borrowings | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of pledged available-for-sale (afs) securities | -4,907,000 | -39,385,000 | -7,010,000 | -24,500,000 | -5,250,000 | 0 | -2,000,000 | -10,753,000 | 25,000 | -9,155,000 | -5,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
stock compensation-equity and liability classified | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | -500,000 | -360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for credit losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred loan fees and costs | -133,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs and debt discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination fees received from loans held for investment | 100,000 | 298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for cloud computing implementation costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance deposits from borrowers | -2,761,000 | -2,215,000 | -1,040,000 | 3,595,000 | 1,033,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) of secured borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of note payable | -744,000 | -745,000 | -745,000 | -743,000 | -745,000 | -745,000 | -744,000 | 0 | -750,000 | -750,000 | -750,000 | -165,395,000 | -276,000 | -276,000 | -276,000 | -276,000 | -276,000 | -276,000 | -276,000 | -275,000 | -277,000 | -276,000 | -276,000 | -276,000 | -275,000 | -3,830,000 | -438,000 | -437,000 | -438,000 | -437,000 | -438,000 | ||||||||||||||||||||||||||||
distributions from (investments in) joint ventures | -7,026,000 | -4,924,000 | 2,932,000 | -15,000 | -6,455,000 | -5,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of loans to third parties | 7,699,543,000 | 4,136,020,000 | 6,534,781,000 | 2,846,631,000 | 4,097,894,000 | 4,213,982,000 | 4,073,630,000 | 3,622,404,000 | 1,543,979,000 | 1,355,765,000 | 1,532,425,000 | 2,184,346,000 | 301,844,000 | 747,984,000 | 641,398,000 | 1,049,265,000 | 532,670,000 | 631,103,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of equity-method investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from prepayment of pledged afs securities | 4,104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of preferred equity investments | -40,000,000 | 0 | 0 | -1,100,000 | -563,000 | -4,936,000 | -7,333,000 | -4,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the payoff of preferred equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of mortgage servicing rights | 0 | 0 | -392,000 | 669,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings of note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured borrowings | 0 | 2,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal collected on loans held for investment upon payoff | 97,489,000 | 50,251,000 | 88,779,000 | 119,517,000 | 49,554,000 | 90,616,000 | 60,145,000 | 73,615,000 | 0 | 73,562,000 | 14,126,000 | 102,037,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from prepayment of pledged debt afs securities | 1,028,000 | 3,711,000 | 4,640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of loans held for investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of pledged available-for-sale securities | -3,484,000 | -4,078,000 | -38,354,000 | -21,522,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from (investments in) interim program jv | -16,839,000 | -1,679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing fees and other receivables | -1,652,000 | -3,936,000 | 3,697,000 | 11,348,000 | 3,305,000 | 343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | -2,330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of preferred equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital invested in the interim program jv | -3,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash paid to increase ownership interest in a previously held equity-method investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal collected on loans held for investment upon formation of interim program jv | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from interim program jv | 154,000 | 1,055,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of pledged available-for-sale securities | -18,634,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax shortfall (benefit) from vesting of equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity-method investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital invested in interim program jv | -158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of loans held for investment upon formation of interim program jv | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from vesting of equity awards | -14,000 | 13,000 | -96,000 | -2,510,000 | 364,000 | 728,000 | 161,000 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of secured borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash paid to increase ownership interest in a previously held equity method investment | 0 | 0 | -1,058,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 22,894,000 | -37,231,000 | -38,764,000 | 76,825,000 | -7,626,000 | 2,273,000 | -47,838,000 | 3,026,000 | -107,314,000 | 109,595,000 | -5,321,000 | 884,000 | 378,000 | 36,460,000 | 5,342,000 | -13,006,000 | 47,852,000 | -5,156,000 | 10,105,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 136,988,000 | 0 | 0 | 0 | 113,354,000 | 0 | 0 | 170,563,000 | 0 | 0 | 65,027,000 | 0 | 0 | 53,817,000 | 0 | 0 | 33,285,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 22,894,000 | -37,231,000 | 98,224,000 | 76,825,000 | -7,626,000 | 2,273,000 | 65,516,000 | 18,338,000 | 3,026,000 | 63,249,000 | -5,321,000 | 884,000 | 65,405,000 | 36,460,000 | 5,342,000 | 40,811,000 | 47,852,000 | -5,156,000 | 43,390,000 | ||||||||||||||||||||||||||||||||||||||||
(repayments) borrowings of warehouse notes payable | -1,999,202,000 | 9,675,000 | -608,318,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax shortfall from vesting of equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | 11,315,000 | 7,794,000 | 10,454,000 | 7,470,000 | 9,114,000 | 6,348,000 | 5,726,000 | 4,124,000 | 2,283,000 | 234,000 | 412,000 | 41,000 | 194,000 | 911,000 | 4,031,000 | 3,314,000 | 6,180,000 | 2,494,000 | 2,282,000 | ||||||||||||||||||||||||||||||||||||||||
restricted cash and pledged securities | -2,594,000 | -1,045,000 | 1,441,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit (shortfall) from vesting of equity awards | 579,000 | 154,000 | 743,000 | -66,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains attributable to fair value of future servicing rights, net of guaranty obligation | -32,358,000 | -31,317,000 | -27,834,000 | -22,746,000 | -13,888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in the fair value of premium and origination fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 21,313,000 | 16,251,000 | 15,113,000 | 12,914,000 | 7,144,000 | 11,206,000 | 8,055,000 | 14,543,000 | 7,726,000 | 7,098,000 | 9,292,000 | 5,839,000 | 6,079,000 | 11,131,000 | 6,639,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of premium and origination fees | -7,381,000 | -4,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain attributable to fair value of future servicing rights, net of guaranty obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of premiums and origination fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation—equity and liability classified | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash allowance received from landlord | 0 | 0 | 1,301,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from the sale of assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) of short-term warehouse notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains attributable to fair value of premium and origination fees | 785,000 | 3,916,000 | -5,720,000 | 13,339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain attributable to fair value of premiums and origination fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation | 2,348,000 | 2,142,000 | 2,544,000 | 2,160,000 | 1,675,000 | 1,028,000 | 681,000 | 681,000 | 620,000 | 423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible and other assets | 488,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of cwcapital llc, net of cash acquired and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayments) borrowings of short-term warehouse notes payable | -67,311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to former members | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from vesting of restricted shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for risk-sharing obligations | -155,000 | 751,000 | 401,000 | -848,000 | 750,000 | 1,224,000 | 937,000 | 1,764,000 | 746,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
tax expense from vesting of equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from sale of assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative fair value adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of msr, less prepayment of msr | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other accruals | 8,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by (used in) operating activities | 32,200,000 | 611,971,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in loans held for investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | 7,516,000 | -610,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of leasehold inducement | 39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings from warehouse notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative fair value adjustment | 29,000 | 413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draws (repayments) of warehouse notes payable | 18,259,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment of mortgage servicing rights | 69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings from (repayments of) warehouse notes payable | -321,848,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed to column guaranteed, llc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed to column | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of msr, less prepayment of originated mortgage servicing rights | 165,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid to settle guarantee agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of warehouse notes payable | -173,025,000 |