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AI brief of an SEC Form 8-K · Federated Hermes (FHI)

Federated Hermes Q4 EPS rises to $0.96 from $0.63; record $757.6B in managed assets

Positive Impact 3 of 5 earnings Written later

Federated Hermes reported fourth-quarter 2023 earnings per diluted share of $0.96, up from $0.63 a year earlier, on net income of $82.2 million. Full-year 2023 EPS was $3.40 versus $2.65 in 2022, and total managed assets reached a record $757.6 billion at Dec. 31, 2023. The board also declared a $0.28 quarterly dividend.

Key points

  • Q4 2023 revenue rose 5% to $391.5 million from Q4 2022, driven mainly by higher average money market assets.
  • Full-year 2023 net income was $299.0 million, or $3.40 EPS, compared with $239.5 million, or $2.65 EPS, in 2022.
  • During Q4 2023 the company bought 1,902,861 Class B shares for $61.0 million; 2023 repurchases totaled $178.0 million.
  • Quarterly dividend of $0.28 per share is payable Feb. 15, 2024 to shareholders of record as of Feb. 8, 2024.

The filing

CompanyFederated Hermes (FHI)
Form8-K, current report
Filed with the SECJan 25, 2024, 4:48 PM ET
Accession number0001056288-24-000003

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 January 25, 2024.

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.