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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total Revenue $ 360,712 $ 321,479 $ 719,895 $ 628,529
Operating Expenses        
Compensation and Related 123,583 107,248 238,918 218,464
Distribution 89,038 82,000 185,198 159,632
Systems and Communications 15,091 12,111 29,987 24,905
Professional Service Fees 13,888 10,281 27,156 20,767
Office and Occupancy 10,190 11,066 21,961 22,428
Advertising and Promotional 3,065 4,697 8,061 8,886
Travel and Related 325 4,459 3,484 8,307
Other 8,281 4,677 15,135 9,311
Total Operating Expenses 263,461 236,539 529,900 472,700
Operating Income 97,251 84,940 189,995 155,829
Nonoperating Income (Expenses)        
Investment Income, net 1,013 949 2,402 1,979
Gain (Loss) on Securities, net 13,828 577 (2,012) 2,256
Debt Expense (785) (1,332) (1,717) (2,732)
Other, net (24) (832) 8,322 (508)
Total Nonoperating Income (Expenses), net 14,032 (638) 6,995 995
Income Before Income Taxes 111,283 84,302 196,990 156,824
Income Tax Provision 26,482 20,462 48,924 38,373
Net Income Including the Noncontrolling Interests in Subsidiaries 84,801 63,840 148,066 118,451
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 3,605 1,116 2,692 1,181
Net Income $ 81,196 $ 62,724 $ 145,374 $ 117,270
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.81 $ 0.62 $ 1.44 $ 1.16
Earnings Per Common Share—Diluted (usd per share) 0.80 0.62 1.44 1.16
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 187,026 $ 166,301 $ 370,265 $ 321,908
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 58,100 54,368 115,522 109,960
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 83,733 57,968 155,932 112,103
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 28,366 39,905 69,812 78,515
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 3,487 $ 2,937 $ 8,364 $ 6,043