NYSE$FHI

Federated Hermes Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Federated Hermes' Q4 2022 earnings decreased due to lower net income, but record assets were achieved due to money market asset increases and investor interest.

Federated Hermes reported Q4 2022 earnings per diluted share of $0.63, compared to $0.71 for the same quarter last year, on net income of $56.5 million, compared to $68.6 million for Q4 2021. Total managed assets reached a record $668.9 billion at Dec. 31, 2022.

  • Q4 2022 earnings per diluted share were $0.63, including a ($0.27) per diluted share non-cash intangible asset impairment charge.
  • Full-year 2022 EPS was $2.65, also including the same ($0.27) per diluted share non-cash intangible asset impairment charge.
  • Total assets under management reached a record $668.9 billion.
  • The board declared a $0.27 per share quarterly dividend.

Headline financials

Total Revenue

$374M

Previous: $322M+16.2%
EPS (adj)

$0.90

Previous: $0.71+26.8%
Total AUM

$669B

No prior period
Capital Expenditures

$278K

Previous: $2.67M-89.6%
Free Cash Flow

$132M

Previous: $66.8M+97.9%
Net Income

$56.5M

Previous: $68.6M-17.6%
Operating Income

$63.7M

Previous: $88.6M-28.0%
Gross Profit

$250M

Previous: $198M+26.5%
Cash & Equivalents

$522M

Previous: $427M+22.3%
Total Assets

$2.02B

Previous: $2.02B+0.1%
Stock-Based Comp

$7.18M

Previous: $7.01M+2.4%

Revenue & EPS history

Federated Hermes · Revenue · Quarterly

$374M

Q4 2022+16.2%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Federated Hermes · $322M total across 3 segments · Q4 2021

  • Advisory Fees
    $224M-15.7%
  • Admin Fees
    $77.7M-1.8%
  • Other Service Fees
    $20.1M+5.1%

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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