Federated Hermes achieved record assets under management in Q4 2025, with higher EPS, increased net income, and growth across equity and money market asset classes.
Federated Hermes, Inc. announced record assets under management of $839.8 billion and record money market assets of $637.1 billion for Q1 2025. The company reported earnings per diluted share of $1.25, a significant increase from the prior year, driven by strong inflows into money market funds and a VAT refund.
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.