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

12 Months Ended

Dec. 31, 2021

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)	2021		2020		2019
Numerator
Net Income Attributable to Federated Hermes, Inc.	$	270,293	$	326,364	$	272,339
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(11,277)		(12,794)		(10,234)
Total Net Income Attributable to Federated Hermes Common Stock - Basic	$	259,016	$	313,570	$	262,105
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	(1,580)		(2,439)		(872)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted	$	257,436	$	311,131	$	261,233
Denominator


Basic and Diluted Weighted-Average Federated Hermes Common Stock2	93,597		96,419		97,259
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic2	$	2.77	$	3.25	$	2.69
Net Income Attributable to Federated Hermes Common Stock - Diluted2	$	2.75	$	3.23	$	2.69

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.