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

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

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 for the years ended December 31:

(in thousands, except per share data)	2023		2022		2021
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	298,980	$	239,496	$	270,293
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(13,981)		(11,828)		(10,858)
Total Net Income Attributable to Federated Hermes Common Stock - Basic	$	284,999	$	227,668	$	259,435
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	0		0		(1,580)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted	$	284,999	$	227,668	$	257,855
Denominator
Basic Weighted-Average Federated Hermes Common Stock2	83,858		85,762		93,754
Dilutive Impact from Non-forfeitable Restricted Stock	5		4		17
Diluted Weighted-Average Federated Hermes Common Stock2	83,863		85,766		93,771
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic2	$	3.40	$	2.65	$	2.77
Net Income Attributable to Federated Hermes Common Stock - Diluted2	$	3.40	$	2.65	$	2.75

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.