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Jun 30, 2023
Federated Hermes Q2 2023 Earnings Report
Reported earnings for the second quarter of 2023.
Key Takeaways
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.
Q2 2023 earnings per diluted share were $0.81.
Total assets under management reached a record high of $704.0 billion.
Money market assets reached a record $509.0 billion.
Board declared a dividend of $0.28 per share.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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