Gordon J. Ceresino
Mr. Ceresino will retire on May 9, 2024, after the transition period.
Highest-materiality recent filing
Federated Hermes Q2 EPS $1.38, record AUM $911.6B, up 8% YoY
EPS $1.38 diluted vs $1.16 YoY; net income $104.3M vs $91.0M.
Federated Hermes posts record AUM $907B, Q1 EPS $1.27; dividend up 11.8%
Record AUM $907.1B at March 31, 2026, up 8% YoY; money market AUM record $684.7B.
Federated Hermes closes $331M acquisition of 80% of FCP Fund Manager, a US real estate manager
Total consideration up to $331M: $215.8M cash, $23.2M in FHI Class B stock, plus $92M contingent.
Federated Hermes subsidiary sued for ~$120M over Swedish wind farm investment
Aberdeen City Council Pension Fund sues Hermes GPE and General Partner over 2019 £90M Ventus wind farm investment.
Federated Hermes posts Q4 EPS $1.39, record AUM $902.6B; declares $0.34 dividend
Q4 2025 diluted EPS $1.39 vs $1.04 YoY; net income $107.0M vs $84.7M.
Federated Hermes reports record AUM $871.2B and Q3 EPS $1.34, up 26% YoY
Net income $104.1M, EPS $1.34 vs $1.06 in Q3 2024; revenue up 15% to $61.0M.
Federated Hermes to acquire 80% of real estate manager FCP for up to $331M
Aggregate purchase price up to $331M: $215.8M cash + $23.2M FHI stock at closing; plus up to $92M contingent.
Federated Hermes Q2 EPS $1.16, record AUM $845.7B; declares $0.34 dividend, new buyback
Q2 2025 EPS $1.16 ($91.0M net income) vs $0.20 ($21.0M) in Q2 2024, which included a $66.3M impairment.
Federated Hermes Q1 EPS $1.25 vs $0.89; record AUM $839.8B; dividend up 9.7%
Net income $101.1M vs $75.0M YoY; EPS $1.25 diluted vs $0.89; revenue +7% to $27.2M.
Federated Hermes acquires 60% of UK renewable energy developer Rivington for £23.7M
Acquisition of 60% equity stake in Rivington Energy (Management) Limited completed April 7, 2025.
Federated Hermes Q4 EPS $1.04; record AUM $829.6B; dividend $0.31
Q4 EPS $1.04 vs $0.96 YoY; net income $84.7M vs $82.2M.
Federated Hermes Q3 EPS $1.06, AUM record $800.5B, dividend $0.31
EPS $1.06 vs $0.86 YoY; net income $87.5M, up from $75.0M.
Federated Hermes Q2 EPS $0.20 includes $0.76 impairment; record AUM $782.7B
EPS $0.20 ($0.76 impairment charge); net income $21.0M vs $72.2M YoY.
Diluted EPS $0.89 vs. $0.78 in Q1 2023; net income $75.0M vs. $69.6M YoY.
Federated Hermes Q4 EPS $0.96, record AUM $757.6B; dividend $0.28
Q4 2023 EPS of $0.96 (diluted) vs. $0.63 in Q4 2022; net income $82.2M vs. $56.5M.
Federated Hermes Q3 EPS $0.86, AUM record $715.2B, declares $0.28 dividend, new buyback
Q3 2023 diluted EPS $0.86 vs $0.78 YoY; net income $75.0M vs $69.5M.
Federated Hermes Q2 EPS $0.81, AUM hits record $704B, dividend $0.28
Diluted EPS $0.81 vs $0.64 YoY; net income $72.2M vs $57.7M.
Federated Hermes Q1 EPS $0.78 beats $0.61 YoY; AUM record $701B, dividend up 4%
Q1 EPS $0.78 vs $0.61 YoY; net income $69.6M vs $55.9M.
Federated Hermes Q4 EPS $0.63 (incl. $0.27 impairment); record AUM $668.9B
Q4 2022 EPS $0.63, net income $56.5M; FY EPS $2.65 vs $2.75 in 2021.
Federated Hermes Q3 2022 EPS $0.78 vs $0.73 YoY; managed assets $624.4B
Q3 2022 EPS of $0.78 (diluted) on net income of $69.5M, compared to $0.73 on $71.4M a year ago.
Federated Hermes Q2 EPS $0.64 beats $0.56 YoY; declares $0.27 dividend
Q2 2022 EPS $0.64 vs $0.56 in Q2 2021; net income $57.7M vs $55.9M.
Federated Hermes to acquire C.W. Henderson's $3.63B municipal SMA business for $30M+
Initial purchase price of $30M, plus up to $20M in contingent payments over five years based on net revenue growth.
Federated Hermes Q1 EPS $0.61 vs $0.75 YoY; net income down 25%
EPS of $0.61 diluted, net income $55.9M; Q1 2021 was $0.75 and $74.5M respectively.
Federated Hermes completes HFML exchange, plans $350M note issuance at 3.29%
Completed exchange of HFML beneficial interests for 1,183,066 restricted FHI shares and 318,807 treasury shares, making HFML wholly-owned.
Federated Hermes Q4 EPS $0.71 down from $0.93; AUM record $668.9B; may issue $300M debt
Q4 2021 EPS $0.71 vs $0.93 YoY; net income $68.6M vs $95.2M; full-year EPS $2.75 vs $3.23.
Federated Hermes Q3 2021 EPS $0.73, down from $0.85 YoY; fixed-income assets hit record $97B
Net income $71.4M, down from $85.8M YoY; diluted EPS $0.73 vs $0.85.
Federated Hermes to acquire remaining 29.5% stake in Hermes Fund Managers for £116.5M
Purchase price of £116.5M (~$161.5M) for BTPS's 29.5% interest; HFML valuation set at £394.9M.
Federated Hermes Q2 EPS $0.56 vs $0.80 YoY; fee waivers hit $46.8M net
Diluted EPS $0.56, down 30% from $0.80; net income $55.9M vs $81.2M; includes $0.11/share UK tax expense.
Mr. Ceresino will retire on May 9, 2024, after the transition period.
Max materiality 0.85 · Median 0.68 · Most common event earnings