secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001056288-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628823000026/0001056288-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628823000026/fhi-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001056288-23-000026

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