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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
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
March 31,
(in thousands, except per share data)20242023
Numerator
Net Income Attributable to Federated Hermes, Inc.$75,033 $69,601 
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
(3,403)(3,509)
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted$71,630 $66,092 
Denominator
Basic Weighted-Average Federated Hermes Common Stock2
80,709 84,875 
Dilutive Impact from Non-forfeitable Restricted Stock1 0 
Diluted Weighted-Average Federated Hermes Common Stock2
80,710 84,875 
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2
$0.89 $0.78 
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.