Federated Hermes Q1 2022 Earnings Report
Key Takeaways
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.
Q1 2022 earnings per diluted share (EPS) were $0.61, down from $0.75 in Q1 2021.
Net income for Q1 2022 was $55.9 million, compared to $74.5 million in Q1 2021.
Total managed assets reached $631.1 billion at the end of March, a 1% increase year-over-year.
The board of directors declared a dividend of $0.27 per share.
Federated Hermes
Federated Hermes
Forward Guidance
The net negative impact on pre-tax income from voluntary yield-related fee waivers on money market mutual funds and certain separate accounts may be approximately $1 million during Q2 2022.