Federated Hermes Q1 Earnings Top Estimates, Revenues Rise Y/Y

Federated Hermes, Inc.’s (FHI) first-quarter 2025 adjusted earnings per share of $1.10 topped the Zacks Consensus Estimate of 91 cents. The bottom line grew 23.6% from the year-ago quarter.Increased net administrative service fees and net investment advisory fees are major driving factors. The company’s total managed assets touched a record level. A rise in revenues and a decline in expenses were added advantages.Net income (GAAP basis) of$ 101.1 million rose 35% from the year-ago quarter.FHI’s Revenues & O ...