Federated Hermes Q3 EPS $0.86, AUM record $715.2B, declares $0.28 dividend, new buyback

FEDERATED HERMES, INC.

2023-Q3 EPS reported $2.44 revenue$1,218,077,000

Q3 2023 diluted EPS $0.86 vs $0.78 YoY; net income $75.0M vs $69.5M.
Total AUM record $715.2B, up 15% YoY; money market assets record $525.1B, up 19%.
Board declares $0.28/share dividend payable Nov 15, 2023; authorizes new 5M share repurchase program.
Revenue up 6% YoY; no voluntary yield-related fee waivers in Q3 2023 (nil vs $85.3M in 9M 2022).

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 third quarter 2023 results: net income net income of $75.0 million for Q3 2023, EPS $0.86.

Period: third quarter 2023
Net income: net income of $75.0 million for Q3 2023
EPS: $0.86
Result: reported results

Exact text from the filing

On October 26, 2023, Federated Hermes, Inc. (Federated Hermes) issued the earnings press release attached hereto as Exhibit 99.1 to report third quarter 2023 results.

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FEDERATED HERMES, INC. filing history →

Source: SEC EDGAR

accession 0001056288-23-000026

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