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

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(in thousands, except per share data)	2023		2022		2023		2022
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	75,026	$	69,479	$	216,802	$	182,999
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(3,310)		(3,565)		(10,309)		(9,072)
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted	$	71,716	$	65,914	$	206,493	$	173,927


Denominator
Basic Weighted-Average Federated Hermes Common Stock2	83,710		84,531		84,499		86,109
Dilutive Impact from Non-forfeitable Restricted Stock	0		5		3		2
Diluted Weighted-Average Federated Hermes Common Stock2	83,710		84,536		84,502		86,111
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2	$	0.86	$	0.78	$	2.44	$	2.02

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.