Federated Hermes Q3 2021 EPS $0.73, down from $0.85 YoY; fixed-income assets hit record $97B

FEDERATED HERMES, INC.

2021-Q3 EPS reported $2.04 revenue$978,802,000

Net income $71.4M, down from $85.8M YoY; diluted EPS $0.73 vs $0.85.
Total managed assets $634.1B, up 3% YoY; long-term assets record $220B.
Board declares $0.27 quarterly dividend, payable Nov. 15 to record Nov. 8.
Voluntary fee waivers net negative pre-tax impact $36.9M in Q3, expected ~$39M in Q4.
Equity assets $97.4B (+21% YoY); money market assets $413.7B (-4% YoY).

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