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

6 Months Ended

Jun. 30, 2023

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				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2023		2022		2023		2022
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	72,175	$	57,657	$	141,776	$	113,520
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(3,471)		(3,097)		(6,982)		(5,527)
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted	$	68,704	$	54,560	$	134,794	$	107,993


Denominator
Basic Weighted-Average Federated Hermes Common Stock2	84,930		85,563		84,902		86,911
Dilutive Impact from Non-forfeitable Restricted Stock	9		0		5		0
Diluted Weighted-Average Federated Hermes Common Stock2	84,939		85,563		84,907		86,911
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2	$	0.81	$	0.64	$	1.59	$	1.24

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, except for circumstances where shares vest upon retirement and the employee has reached retirement age.