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Jun 30, 2021
Federated Hermes Q2 2021 Earnings Report
Reported earnings of $0.56 EPS, equity assets reached record $101 billion, and long-term assets reached a record $216 billion.
Key Takeaways
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.
Q2 2021 earnings per diluted share of $0.56
Equity assets reached a record $101 billion
Long-term assets reached a record $216 billion
Board declared $0.27 per share quarterly dividend
Federated Hermes
Federated Hermes
Federated Hermes Revenue by Segment
Forward Guidance
The negative impact on pre-tax income from minimum yield waivers on money market mutual funds and certain separate accounts may be approximately $38 million during Q3 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income