Federated Hermes Earnings Reports

Federated Hermes reported Q4 2024 earnings per diluted share of $1.04, compared to $0.96 for the same quarter last year, on net income of $84.7 million, compared to $82.2 million for Q4 2023. Total assets under management reached a record $829.6 billion.

Federated Hermes reported a strong Q3 2024, achieving record assets under management of $800.5 billion, driven by inflows into money market and fixed-income products, along with market appreciation. Earnings per diluted share increased to $1.06, and the board declared a dividend of $0.31 per share and authorized a new share repurchase program.

Federated Hermes reported a record $782.7 billion in total assets under management, driven by increases in money market assets. However, earnings per diluted share decreased to $0.20, including a significant non-cash intangible asset impairment charge of ($0.76) per diluted share. Net income also decreased to $21.0 million compared to the same quarter last year.

Federated Hermes reported Q1 2024 earnings with an EPS of $0.89, up from $0.78 in the same quarter last year, and net income of $75.0 million, compared to $69.6 million in Q1 2023. Total managed assets reached a record $778.7 billion.

Federated Hermes reported Q4 2023 earnings per diluted share of $0.96, compared to $0.63 for the same quarter last year, on net income of $82.2 million, compared to $56.5 million for Q4 2022. The company's total managed assets reached a record $757.6 billion.

Federated Hermes reported Q3 2023 earnings with an EPS of $0.86, compared to $0.78 for the same quarter last year, and net income of $75.0 million, compared to $69.5 million for Q3 2022. Total managed assets reached a record $715.2 billion.

Federated Hermes reported Q2 2023 earnings with an EPS of $0.81, compared to $0.64 for the same quarter last year. Net income was $72.2 million, up from $57.7 million in Q2 2022. Total managed assets reached a record high of $704.0 billion.

Federated Hermes reported a strong first quarter in 2023, with earnings per diluted share of $0.78, up from $0.61 in the same quarter last year. Total managed assets reached a record $701.0 billion, driven by increases in money market assets and gains across other long-term asset classes.

Federated Hermes reported Q4 2022 earnings per diluted share of $0.63, compared to $0.71 for the same quarter last year, on net income of $56.5 million, compared to $68.6 million for Q4 2021. Total managed assets reached a record $668.9 billion at Dec. 31, 2022.

Federated Hermes reported Q3 2022 earnings per diluted share of $0.78, compared to $0.73 for the same quarter last year, on net income of $69.5 million, compared to $71.4 million for Q3 2021. Total managed assets were $624.4 billion at Sept. 30, 2022.

Federated Hermes reported Q2 2022 earnings per diluted share (EPS) of $0.64, compared to $0.56 for the same quarter last year, on net income of $57.7 million, compared to $55.9 million for Q2 2021. Total managed assets were $631.9 billion at June 30, 2022.

Federated Hermes reported Q1 2022 earnings with EPS of $0.61, compared to $0.75 for the same quarter last year. Net income was $55.9 million, down from $74.5 million in Q1 2021. Total managed assets were $631.1 billion, a 1% increase from the previous year.

Federated Hermes reported Q4 2021 earnings per diluted share of $0.71, compared to $0.93 for the same quarter last year, on net income of $68.6 million for Q4 2021, compared to $95.2 million for Q4 2020. Total managed assets were a record $668.9 billion at Dec. 31, 2021.

Federated Hermes reported Q3 2021 earnings with an EPS of $0.73, compared to $0.85 for the same quarter last year, and a net income of $71.4 million, compared to $85.8 million for Q3 2020. Total managed assets were $634.1 billion at Sept. 30, 2021, a decrease of 2% from June 30, 2021.

Federated Hermes reported Q2 2021 EPS of $0.56, compared to $0.80 for the same quarter last year, on net income of $55.9 million, compared to $81.2 million for Q2 2020. Total managed assets were a record $645.8 billion at June 30, 2021, up $17.0 billion or 3% from $628.8 billion at June 30, 2020.

Federated Hermes reported a strong first quarter in 2021, with earnings per diluted share increasing to $0.75 from $0.63 in the same quarter last year. Net income also rose to $74.5 million from $64.2 million year-over-year. The company's total managed assets reached $625.0 billion, driven by strong investment performance and client interest.

Federated Hermes reported Q4 2020 earnings per diluted share of $0.93, compared to $0.81 for the same quarter last year, on net income of $95.2 million for Q4 2020, compared to $82.1 million for Q4 2019.

Federated Hermes reported Q3 2020 earnings per diluted share of $0.85, compared to $0.72 for the same quarter last year, on net income of $85.8 million, compared to $73.0 million for Q3 2019. Total managed assets were $614.8 billion at Sept. 30, 2020.

Federated Hermes reported a strong Q2 2020, with earnings per diluted share of $0.80, up from $0.62 in Q2 2019. Net income increased to $81.2 million. Total managed assets reached a record $628.8 billion.

Federated Hermes reported a strong first quarter, with EPS increasing to $0.63 compared to $0.54 in the same quarter last year. Net income also saw an increase, reaching $64.2 million. The company's managed assets hit a record high of $605.8 billion.

Federated Hermes reported Q4 2019 EPS of $0.81, compared to $0.61 for the same quarter last year, and net income of $82.1 million, compared to $61.5 million for Q4 2018. Total managed assets reached a record $575.9 billion. The board declared a $0.27 per share quarterly dividend.