quarter, Thank real tightening you, commercial transaction market in morning, we of our good quarterly since years. the growth sequential highest in in business, began year-over-year the nearly drove call, and XXXX. and transaction transaction estate including the share the fourth diluted to great The active a momentum On per most area surge in Willy, every and earnings leading our activity spoke everyone. carried X last the signs of into recovery about we highlighted market the
year for in XXXX. origination drove growth billion, quarter, per of $X.X with closing earnings Growth billion. the up from transaction was Management total fees MSR in Asset revenues, & up fourth Diluted XXXX, strong year combined scaled our Servicing revenues and platform, total With we volume to X% XXXX. this XX% our ended over $XX slightly share $X.XX
from diluted While that was XX% start annual volatility GSEs. to a interest through for the down the our first slow of we to ended recall June, year half rate the the year due EPS and XXXX target below range, just
to Dunlop highlights brought when the X% of last transaction recover. the business, over of Our strong Management year finish our Asset our with & execution volumes platform and for from record a up EBITDA the year consistent Servicing revenues $XXX & annual from Walker adjusted the to the the The million, second Markets Capital combined half earnings W&D power business, over year.
EPS up core X% totaled $X.XX adjusted XXXX. share, Finally, over per
our our offers reporting how segment performance. to Our businesses financial contribute into insight
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Starting with Markets our Capital segment.
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generated or X. shown as Management, year-over-year, Asset & XX% up million, revenues strong Servicing on $XXX SAM segment totaled quarterly Our Slide that
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there impacted unique During our were X. as financial the results, the that several segment in SAM Slide quarter, items on shown
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QX, Fannie During our we last Mae agreements call. we two in loans finalized with repurchase to earnings highlighted that
and associated valuation well in with shown column on third as due X, we of including maintenance. repurchased additional immediate million expenses the the repairs in assets recognized an $X Slide million expenses provision-related of as to As $X repurchases, other declines our
repurchased GSEs deals recorded of million expenses associated principal million provision repurchase-related an now and X the year. with balance of with the from $XX $XX original have We loans and this
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years. is value in impact a and of financial these to these of manage team coming can immediate, the repurchases as long-term dedicated to assets and are taking the recoup a we the While of the value much as we approach established
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unique segments fourth the million Slide rate adjustment Capital and shown acquisition-related performance final based intended. forward typically our the a and value off has reward quarter The $XX underwrite quarter, and item fair liabilities protecting both protecting structure earn-out as our liabilities been adjustment our hurdles our during the We Markets from an a to and of impacted benefit of estimated downside structure the earn-out was performance-based X. SAM this while to projections historical expected outperformance downside tightening on downward acquisitions to in that that is earn-out risk. challenging as The column example
to sale diluted record $X.XX a of and results share, clearly items the operations I impact income year, The net was the The limited point our of In described adjusted consolidated EBITDA this $XX our four benefit the power per earnings this from transactions $X performance overall or impact the to million million the total, being just had financial on core portfolio of quarter. primarily quarter driven also this by demonstrates that contributed assets. of business. our the
results. While we And that our to field stronger capable have have even the $XX with opportunity strong know this durable takes team when billion we a start to shape. of outperform recurring transactions delivering quarterly recovery, is of on combined revenues, the recovery as a we the
share, compound stability earnings Directors to ended for of quarterly balance increase with a million on $X.XX our led of per in year XX% was seventh to a since initiated dividend the sheet. the and our cash over XXXX. years. is growth our consecutive we to increase business our market cash our year It the annual $XXX the model The We that of rate Board last challenging despite testament dividend it continue several a our conditions X% increasing
cost are eye a the position generation capital capitalize debt sheet of reduce opportunities on are over to about credit with as demonstrated as weighted cash good markets historical ways position very allowed we feel evaluating last keeping the public and effectively, we borrower. downturn balance to lows. debt our near the We our during XX the Our but our also business us spreads average months model constantly our in our close debt markets the to today, on a strength
XXXX entered interest a of the long-term is We optimistic while underlying sector to on uncertainties stubborn the presidential like and there rates recovery. record fundamentals A clear. in change that real things market estate higher-for-longer new of there clients. are lenders general most inflation, strong. was of a commercial are rent a The path the with few in and path multifamily administration, powder abundant among And are finally, absorbed. large of and was nationwide, the is growth. acceptance there our both in deployment. supply Dry poised And markets undeniably is portion for XXXX investors And
expect the the down quarter but to So XXXX, fourth first inevitably the quarter-to-quarter, market grow with to choppy quarter. from remain compared slowing in we
the driver lending XXXX rebound Whatever our shape we volumes. in noncash cash agency from see further activity. And growth higher to the MSR earnings but recovery primary transaction our growth a from volumes, with also that, takes, origination our expect we transaction in be in of fees will
the those already been expect to on escrow tied interest corporate short-term revenues decrease our are and cash earnings that We XXXX lowered rates our also deposits to as Fed. in by have
the and diluted EBITDA the and revenue Consequently, in core share segment. growth shifts from will adjusted our mix SAM earnings as in Capital segment towards away per adjusted outpace EPS growth Markets
demonstrate digits single in EBITDA shown year diluted while double to single Slide share adjusted as in of flat per our the earnings a up just after in guidance to high high for reporting record the our growth growth the year again full result, cash a which XXXX, EBITDA. in would adjusted stability and generation XX, As adjusted for is be digits, EPS on core will digits
Our and to and in team deliver meet on in clients' solid our XXXX our needs XXXX. will momentum that shareholders, I am confident worked build tirelessly results we that to financial
I turn Thank Willy. will the now over you for time your today. back to call
