Federated Hermes Q2 EPS $0.64 beats $0.56 YoY; declares $0.27 dividend

FEDERATED HERMES, INC.

2022-Q2 EPS reported $1.24 revenue$690,772,000

Q2 2022 EPS $0.64 vs $0.56 in Q2 2021; net income $57.7M vs $55.9M.
Revenue increased 18% to $55.0M primarily due to decrease in voluntary yield-related fee waivers.
Total managed assets $631.9B, down 2% from $645.8B a year ago; equity assets down 19%.
Board declared $0.27 quarterly dividend, payable Aug 15 to holders of record Aug 8.
Repurchased 2.88M shares for $89.5M during Q2.

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