NYSE$FHI
Federated Hermes Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported earnings per diluted share of $0.78 and total assets under management reached a record $701.0 billion.
Federated Hermes reported a strong first quarter in 2023, with earnings per diluted share of $0.78, up from $0.61 in the same quarter last year. Total managed assets reached a record $701.0 billion, driven by increases in money market assets and gains across other long-term asset classes.
- Earnings per diluted share (EPS) were $0.78 for Q1 2023, compared to $0.61 for the same quarter last year.
- Net income for Q1 2023 was $69.6 million, compared to $55.9 million for Q1 2022.
- Total managed assets reached a record $701.0 billion at March 31, 2023, up 11% from March 31, 2022.
- Money market assets reached a record $505.8 billion at March 31, 2023, up 20% from March 31, 2022.
Headline financials
Revenue & EPS history
Federated Hermes · Revenue · Quarterly
$382M
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' 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 2023
-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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