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

Federated Hermes Q4 EPS rises to $1.04; full-year EPS falls to $3.23

Mixed Impact 3 of 5 earnings Written later

Federated Hermes reported fourth-quarter 2024 diluted EPS of $1.04, up from $0.96 a year earlier, and full-year 2024 EPS of $3.23, down from $3.40. Full-year results include a $66.3 million non-cash impairment of an intangible asset recorded in Q2 2024, which the company said reduced EPS by $0.73. Total managed assets reached a record $829.6 billion at Dec. 31, 2024.

Key points

  • Q4 2024 net income was $84.7 million, compared with $82.2 million in Q4 2023.
  • Full-year 2024 net income was $268.3 million, compared with $299.0 million in 2023, including the $66.3 million impairment charge.
  • Total managed assets were $829.6 billion at Dec. 31, 2024, up 10% from $757.6 billion a year earlier.
  • The board declared a $0.31 quarterly dividend payable Feb. 14, 2025; the company bought back 552,533 Class B shares for $22.1 million in Q4 2024.

The filing

CompanyFederated Hermes (FHI)
Form8-K, current report
Filed with the SECJan 30, 2025, 5:04 PM ET
Accession number0001056288-25-000002

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 30, 2025.

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.