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

9 Months Ended

Sep. 30, 2020

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)	2020		2019		2020		2019
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	85,822	$	72,962	$	231,196	$	190,232
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(3,378)		(2,774)		(8,937)		(7,322)
Total Net Income Attributable to Federated Hermes Common Stock - Basic	$	82,444	$	70,188	$	222,259	$	182,910
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	(391)		(258)		(786)		(457)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted	$	82,053	$	69,930	$	221,473	$	182,453
Denominator


Basic and Diluted Weighted-Average Federated Hermes Common Stock2	96,039		97,306		96,726		97,211
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock – Basic2	$	0.86	$	0.72	$	2.30	$	1.88
Net Income Attributable to Federated Hermes Common Stock – Diluted2	$	0.85	$	0.72	$	2.29	$	1.88

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.