NYSE$FHI
Federated Hermes Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported earnings for the first quarter of 2021, showing increased EPS and net income compared to Q1 2020, with record long-term assets.
Federated Hermes reported a strong first quarter in 2021, with earnings per diluted share increasing to $0.75 from $0.63 in the same quarter last year. Net income also rose to $74.5 million from $64.2 million year-over-year. The company's total managed assets reached $625.0 billion, driven by strong investment performance and client interest.
- Earnings per diluted share (EPS) increased to $0.75 for Q1 2021, compared to $0.63 for Q1 2020.
- Net income for Q1 2021 was $74.5 million, up from $64.2 million for Q1 2020.
- Total managed assets reached $625.0 billion at the end of Q1 2021, a 3% increase year-over-year.
- Equity assets under management hit a record $96.2 billion, and fixed-income assets reached a record $86.5 billion.
Headline financials
Revenue & EPS history
Federated Hermes · Revenue · Quarterly
$341M
Revenue by segment
Federated Hermes · $322M total across 3 segments · Q4 2021
- Advisory Fees$224M-15.7%69.6%
- Admin Fees$77.7M-1.8%24.2%
- Other Service Fees$20.1M+5.1%6.3%
Forward guidance
Federated Hermes anticipates a negative impact from minimum yield waivers during Q2 2021, projecting a pre-tax impact ranging from $35 million to $45 million.
Headwinds
- The negative impact on pre-tax income from minimum yield waivers on money market mutual funds and certain separate accounts may range from $35 million to $45 million during Q2 2021.
- This range is based on gross yields on government money market portfolios of 3 to 10 basis points.
- The amount of minimum yield waivers can vary based on a number of factors, including, among others, interest rates, yields, asset levels, asset flows and the ability of distributors to share in waivers.
- Any change in these factors can impact the amount and impact of minimum yield waivers, including in a material way.
- Federated Hermes' level of business activity and financial results are dependent upon many factors, including market conditions, investment performance and investor behavior.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.1%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.4%
Avg return
30 days after
47%
31 / 66 earnings
Positive
+12.3%
Q3 2012
Best reaction
-12.9%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -4.3% | -3.5% | |
| Q4 2025 | +0.3% | +0.2% | +5.6% | |
| Q3 2025 | +4.5% | +6.2% | +6.1% | |
| Q1 2025 | +4.7% | +6.0% | +9.9% | |
| Q4 2024 | +0.1% | -1.0% | -2.5% | |
| Q3 2024 | +1.6% | +4.4% | +11.3% | |
| Q2 2024 | +0.8% | +0.3% | -1.8% | |
| Q1 2024 | -6.2% | -6.1% | -7.0% | |
| Q4 2023 | +2.2% | +5.7% | +2.5% | |
| Q3 2023 | +3.2% | +3.8% | +3.5% | |
| Q2 2023 | -6.7% | -7.2% | -5.1% | |
| Q1 2023 | -1.0% | -1.9% | -13.8% | |
| Q4 2022 | +3.0% | +4.6% | +3.5% | |
| Q3 2022 | +10.3% | +9.9% | +17.7% | |
| Q2 2022 | -1.2% | -1.7% | +0.3% | |
| Q1 2022 | -2.0% | +0.4% | +18.1% | |
| Q4 2021 | -0.3% | -0.8% | +0.3% | |
| Q3 2021 | +3.7% | +6.9% | +6.5% | |
| Q2 2021 | +0.2% | -0.1% | +6.7% | |
| Q1 2021 | -4.4% | +1.5% | +5.6% | |
| Q4 2020 | -5.7% | -4.9% | -6.7% | |
| Q3 2020 | +5.4% | +11.1% | +22.5% | |
| Q2 2020 | +6.8% | +3.4% | -0.5% | |
| Q1 2020 | -6.4% | -3.4% | -3.1% | |
| Q4 2019 | +6.1% | +9.7% | -15.5% | |
| Q3 2019 | -4.1% | -1.5% | +3.8% | |
| Q2 2019 | +4.9% | +3.3% | -6.0% | |
| Q1 2019 | -5.8% | -6.9% | -6.5% | |
| Q4 2018 | -1.6% | +3.1% | +11.7% | |
| Q3 2018 | +12.2% | +16.0% | +18.5% | |
| Q2 2018 | -0.0% | +3.2% | -1.0% | |
| Q1 2018 | -12.9% | -18.0% | -19.9% | |
| Q4 2017 | +4.3% | -0.3% | -4.8% | |
| Q3 2017 | +2.7% | +3.9% | +4.4% | |
| Q2 2017 | -4.1% | -3.4% | -8.5% | |
| Q1 2017 | -3.9% | -4.9% | -3.7% | |
| Q4 2016 | -5.2% | -5.7% | -1.5% | |
| Q3 2016 | +1.1% | -1.2% | +4.4% | |
| Q2 2016 | -0.1% | -1.0% | +1.2% | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | +5.5% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | +5.4% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | -3.0% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | +12.3% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +3.3% | — | — | |
| Q4 2011 | -3.1% | — | — | |
| Q4 2008 | -3.1% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | -4.8% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2010 | -4.0% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q1 2010 | -4.4% | — | — |
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