Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands, except per share data)	2021		2020		2021		2020
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	71,362	$	85,822	$	201,730	$	231,196
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(2,989)		(3,378)		(8,363)		(8,937)
Total Net Income Attributable to Federated Hermes Common Stock - Basic	$	68,373	$	82,444	$	193,367	$	222,259
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	(443)		(391)		(1,273)		(786)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted	$	67,930	$	82,053	$	192,094	$	221,473
Denominator


Basic and Diluted Weighted-Average Federated Hermes Common Stock2	93,320		96,039		94,160		96,726
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock – Basic2	$	0.73	$	0.86	$	2.05	$	2.30
Net Income Attributable to Federated Hermes Common Stock – Diluted2	$	0.73	$	0.85	$	2.04	$	2.29

1 Includes dividends paid on unvested restricted Federated Hermes Class B Common Stock and their proportionate share of undistributed earnings attributable to Federated Hermes shareholders.

2 Federated Hermes Common Stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share.