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Dec 31, 2023

Federated Hermes Q4 2023 Earnings Report

Federated Hermes' Q4 2023 earnings were reported, with EPS of $0.96 and net income of $82.2 million.

Key Takeaways

Federated Hermes reported Q4 2023 earnings per diluted share of $0.96, compared to $0.63 for the same quarter last year, on net income of $82.2 million, compared to $56.5 million for Q4 2022. The company's total managed assets reached a record $757.6 billion.

Q4 2023 earnings per diluted share (EPS) reached $0.96.

Net income for Q4 2023 was reported as $82.2 million.

Total managed assets reached a record $757.6 billion.

The board declared a quarterly dividend of $0.28 per share.

Total Revenue
$391M
Previous year: $374M
+4.7%
EPS
$0.96
Previous year: $0.9
+6.7%
Assets Under Management
$758B
Previous year: $669B
+13.3%
Gross Profit
$301M
Previous year: $250M
+20.3%
Cash and Equivalents
$561M
Previous year: $522M
+7.5%
Free Cash Flow
$128M
Previous year: $132M
-3.5%
Total Assets
$2.1B
Previous year: $2.02B
+4.0%

Federated Hermes

Federated Hermes

Forward Guidance

The company will host an earnings conference call at 9 a.m. Eastern on Jan. 26, 2024.