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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total Revenue $ 364,455 $ 340,340 $ 1,084,350 $ 968,869
Operating Expenses        
Compensation and Related 126,186 112,247 365,104 330,712
Distribution 73,726 88,082 258,925 247,713
Systems and Communications 16,193 13,353 46,179 38,258
Professional Service Fees 14,006 10,678 41,162 31,445
Office and Occupancy 10,578 10,855 32,539 33,283
Advertising and Promotional 2,921 4,102 10,981 12,989
Travel and Related 542 4,158 4,026 12,465
Other 6,922 7,558 22,058 16,868
Total Operating Expenses 251,074 251,033 780,974 723,733
Operating Income 113,381 89,307 303,376 245,136
Nonoperating Income (Expenses)        
Investment Income, net 770 1,030 3,171 3,009
Gain (Loss) on Securities, net 5,852 (586) 3,840 1,670
Debt Expense (494) (1,239) (2,211) (3,971)
Other, net 103 8,264 8,426 7,756
Total Nonoperating Income (Expenses), net 6,231 7,469 13,226 8,464
Income Before Income Taxes 119,612 96,776 316,602 253,600
Income Tax Provision 32,928 23,191 81,852 61,564
Net Income Including the Noncontrolling Interests in Subsidiaries 86,684 73,585 234,750 192,036
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 862 623 3,554 1,804
Net Income $ 85,822 $ 72,962 $ 231,196 $ 190,232
Amounts Attributable to Federated Hermes, Inc.        
Earnings Per Common Share—Basic (usd per share) $ 0.86 $ 0.72 $ 2.30 $ 1.88
Earnings Per Common Share—Diluted (usd per share) 0.85 0.72 2.29 1.88
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27 $ 0.81 $ 0.81
Investment Advisory Fees, net—Affiliates        
Revenue        
Total Revenue $ 202,978 $ 175,629 $ 573,242 $ 497,538
Investment Advisory Fees, net—Other        
Revenue        
Total Revenue 57,111 56,477 172,633 166,436
Administrative Service Fees, net—Affiliates        
Revenue        
Total Revenue 83,028 64,216 238,960 176,319
Other Service Fees, net—Affiliates        
Revenue        
Total Revenue 17,952 41,124 87,765 119,639
Other Service Fees, net—Other        
Revenue        
Total Revenue $ 3,386 $ 2,894 $ 11,750 $ 8,937