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

3 Months Ended

Mar. 31, 2024

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
	March 31,
(in thousands, except per share data)	2024		2023
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 Stock	1		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.