Federated Hermes Q3 EPS rises to $1.06 as managed assets reach record $800.5 billion
Federated Hermes reported third quarter 2024 diluted EPS of $1.06, up from $0.86 a year earlier, on revenue of $408.5 million, up 1% from the prior-year quarter. Total managed assets reached a record $800.5 billion at Sept. 30, 2024, and the board declared a $0.31 per share dividend and authorized a new repurchase program of up to 5 million class B shares. Quarterly profit and revenue rose year over year, but nine-month EPS of $2.20 was down from $2.44.
Key points
- Q3 2024 diluted EPS was $1.06 versus $0.86 in Q3 2023; net income was $87.5 million versus $75.0 million.
- Q3 2024 revenue was $408.5 million, up 1% from $402.7 million in Q3 2023.
- Total managed assets were a record $800.5 billion at Sept. 30, 2024, up 12% from a year earlier.
- Board declared a $0.31 per share dividend payable Nov. 15, 2024 and authorized a new repurchase program of up to 5 million shares.
The filing
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 24, 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.