Operator
Greetings and welcome to the Federated Hermes, Inc s First Quarter 2021 Analyst Call and Webcast Conference Call. [Operator Instructions] [Operator Instructions]
I would now like to turn this conference over to your host Mr. Ray Hanley, President of Federated Investors Management Company. Thank you sir, you may begin.
Ray Hanley
President of Federated Investors Management Company
Thank you. Good morning and welcome. Leading today s call will be Chris Donahue, President and CEO of Federated Hermes; and Tom Donahue, Chief Financial Officer. And joining us for the Q&A are Saker Nusseibeh and Debbie Cunningham. Saker is the CEO of our International Business and Debbie is the Chief Investment Officer for Money Market. During today s call, we may make forward-looking statements and we want to note that Federated Hermes actual results may be materially different than the results implied by such statements. Please review the risk disclosures in our SEC filings.
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PITTSBURGH, April 29, 2021 /PRNewswire/ Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.75 for Q1 2021, compared to $0.63 for the same quarter last year, on net income of $74.5 million for Q1 2021, compared to $64.2 million for Q1 2020.
Federated Hermes total managed assets were $625.0 billion at March 31, 2021, up $19.2 billion or 3% from $605.8 billion at March 31, 2020 and up $5.6 billion or 1% from $619.4 billion at Dec. 31, 2020. Total average managed assets for Q1 2021 were $618.1 billion, up $37.9 billion or 7% from $580.2 billion reported for Q1 2020 and up $7.6 billion or 1% from $610.5 billion reported for Q4 2020.
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