secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001056288-21-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federated Hermes Q2 EPS $0.56 vs $0.80 YoY; fee waivers hit $46.8M net
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- Diluted EPS $0.56, down 30% from $0.80; net income $55.9M vs $81.2M; includes $0.11/share UK tax expense.
- Revenue fell 14% YoY; operating expenses down 13%; voluntary yield-related fee waivers net negative $46.8M pre-tax.
- Total managed assets record $645.8B (+3% YoY); long-term assets record $216B; equity assets record $100.5B.
- Dividend declared $0.27/share, payable Aug 13, record Aug 6; repurchased 993K shares for $31.8M.
- Guides Q3 2021 waiver impact ~$38M pre-tax as short-term rates remain near zero.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000015/0001056288-21-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000015/fhi-20210729.htm
  HTML page:      https://secwatch.observer/filing/0001056288-21-000015

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