Federated Hermes Q1 EPS $0.78 beats $0.61 YoY; AUM record $701B, dividend up 4%

FEDERATED HERMES, INC.

2023-Q1 EPS reported $0.78 revenue$382,189,000

Q1 EPS $0.78 vs $0.61 YoY; net income $69.6M vs $55.9M.
Total AUM record $701.0B, up 11% YoY; money market AUM record $505.8B (+20%).
Board declares $0.28/share dividend, a 4% increase from Q4 2022; payable May 15.
Revenue increased 18% YoY; no voluntary yield-related fee waivers in Q1 2023.
Equity AUM $83.6B (-9% YoY); fixed-income $87.5B (-5% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FEDERATED HERMES, INC. reported Q1 2023 results: net income net income of $69.6 million, EPS earnings per diluted share (EPS) of $0.78.

Period: Q1 2023
Net income: net income of $69.6 million
EPS: earnings per diluted share (EPS) of $0.78
Result: reported results

Exact text from the filing

Federated Hermes, Inc. (Federated Hermes) issued the earnings press release attached hereto as Exhibit 99.1 to report first quarter 2023 results.

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FEDERATED HERMES, INC. filing history →

Source: SEC EDGAR

accession 0001056288-23-000013

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