secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001056288-22-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628822000019/0001056288-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628822000019/fhi-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001056288-22-000019

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