---
schema_version: "secwatch.filing_event.v1"
accession: "0001056288-22-000019"
form_type: "8-K"
ticker: "FHI"
cik: "0001056288"
company_name: "FEDERATED HERMES, INC."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:03:13.925071+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Federated Hermes Q1 EPS $0.61 vs $0.75 YoY; net income down 25%

## Summary
- EPS of $0.61 diluted, net income $55.9M; Q1 2021 was $0.75 and $74.5M respectively.
- Total managed assets $631.1B at March 31, 2022, down 6% from Dec 2021 but up 1% YoY.
- Revenue down 5% YoY, operating expenses down 1%; nonoperating income down $13.6M due to lower market value of investments.
- Quarterly dividend $0.27/share declared, payable May 13, 2022 to shareholders of record May 6, 2022.
- Bought back 3,039,917 shares for $102.5M in Q1; net negative pre-tax fee waiver impact $18.3M.

## SEC filing metadata
- accession: 0001056288-22-000019
- form_type: 8-K
- ticker: FHI
- cik: 0001056288
- company_name: FEDERATED HERMES, INC.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056288/000105628822000019/0001056288-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056288/000105628822000019/fhi-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056288-22-000019
- JSON: https://secwatch.observer/filing/0001056288-22-000019.json
- Plain text: https://secwatch.observer/filing/0001056288-22-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.