Walker & Dunlop Inc. announced a fourth-quarter profit of $36.8 million, or $1.16 per share, surpassing analysts expectations due to increased gains from mortgage banking activities and growth in servicing fees.

The Bethesda-based real estate finance company’s profits grew 80 percent from $20.4 million, or 67 cents per share, a year ago. Earnings beat analysts expectations of 74 cents per share by 42 cents.

Walker & Dunlop reported fourth quarter revenue of $178.4 million, a 47 percent increase from the company’s fourth quarter 2015 revenue of $121.4 million.

“Walker & Dunlop’s growth and financial performance continue to outpace the market by broad margins,” said Willy Walker, Chairman and CEO. “This was the second consecutive year adding $1.00 or more in EPS, reflective of the highly profitable business model that underpins Walker & Dunlop’s growth.”

For the year, the company reported profit of $113.9 million, or $3.65 per diluted share, up 39 percent over 2015. Total revenues were listed as $575.3 million, up 23 percent from a year ago.

Founded in 1937 and headquartered in Bethesda, Walker & Dunlop is one of the largest commercial real estate finance companies in the U.S. The company’s 25 offices across the county provide both financing and investment sales to owners of multifamily and commercial properties.

Walker & Dunlop’s shares closed at $37.46 on Friday, up 29 cents or 0.78 percent.

The form can be found here.