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Sep 30, 2021
Federated Hermes Q3 2021 Earnings Report
Reported earnings per diluted share (EPS) and net income decreased compared to the same quarter last year.
Key Takeaways
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.
Fixed-income assets reached a record $97 billion.
Long-term assets reached a record $220 billion.
Equity assets were $97.4 billion.
Alternative/private market assets were a record $22.1 billion.
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 $39 million during Q4 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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