secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001056288-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628823000013/0001056288-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628823000013/fhi-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001056288-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer