secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001056288-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federated Hermes Q2 EPS $0.20 includes $0.76 impairment; record AUM $782.7B
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- EPS $0.20 ($0.76 impairment charge); net income $21.0M vs $72.2M YoY.
- Record total AUM $782.7B (+11% YoY); money market assets record $586.6B.
- Board declares $0.31/share dividend payable Aug 15, 2024 to holders of record Aug 8.
- Revenue down 7% YoY on lower carried interest; equity AUM -6%, fixed-income +9%.
- Q2 2024 includes $66.3M non-cash impairment of indefinite-lived intangible asset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628824000016/0001056288-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628824000016/fhi-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001056288-24-000016

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