Federated Hermes Q2 2022 Earnings Report
Key Takeaways
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.
Q2 2022 earnings per diluted share of $0.64
Board declares $0.27 per share quarterly dividend
Total managed assets were $631.9 billion at June 30, 2022
Revenue increased $55.0 million or 18% primarily due to a decrease in voluntary fee waivers related to certain money market funds
Federated Hermes
Federated Hermes
Forward Guidance
Federated Hermes' level of business activity and financial results are dependent upon many factors, including market conditions, investment performance and investor behavior. These factors and others, including asset levels and mix, product sales and redemptions, market appreciation or depreciation, revenues, fee waivers, expenses and regulatory changes, can significantly impact Federated Hermes' business activity levels and financial results.