Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Federated Hermes (FHI)

Federated Hermes Q3 EPS rises to $0.86 as assets reach record $715.2 billion

Positive Impact 3 of 5 earnings Written later

Federated Hermes reported third quarter 2023 diluted EPS of $0.86, up from $0.78 a year earlier, on net income of $75.0 million. Total managed assets reached a record $715.2 billion at Sept. 30, 2023, driven mainly by money market assets, and the board declared a $0.28 dividend and authorized a new repurchase of up to 5 million shares.

Key points

  • Q3 2023 diluted EPS of $0.86 vs. $0.78 in Q3 2022; net income of $75.0 million vs. $69.5 million
  • Total revenue of $402.7 million, up 6% from Q3 2022 but down 7% from Q2 2023's $433.2 million
  • Record total managed assets of $715.2 billion at Sept. 30, 2023; money market assets a record $525.1 billion
  • Dividend of $0.28 per share payable Nov. 15, 2023; new buyback authorization of up to 5 million shares

The filing

CompanyFederated Hermes (FHI)
Form8-K, current report
Filed with the SECOct 26, 2023, 5:06 PM ET
Accession number0001056288-23-000026

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.