Federated Investors, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $217,858,000 compared to $214,722,000 a year ago. Operating income was $61,634,000 compared to $59,758,000 a year ago. Income before income taxes was $62,157,000 compared to $64,215,000 a year ago. Net income was $39,613,000 compared to $41,071,000 a year ago. Basic and diluted earnings per share were $0.38 compared to $0.39 a year ago. Revenue increased by $3.1 million or 1% due to higher average equity assets under management, partially offset by lower average money market assets. The increase in revenue was also due to a decrease in voluntary fee waivers related to certain money market assets primarily due to lower average money market assets.

For the year, the company reported total revenue of $859,250,000 compared to $878,365,000 a year ago. Operating income was $237,949,000 compared to $251,743,000 a year ago. Income before income taxes was $239,352,000 compared to $259,015,000 a year ago. Net income was $149,236,000 compared to $162,177,000 a year ago. Basic and diluted earnings per share were $1.42 compared to $1.55 a year ago. Revenue decreased by $19.1 million or 2% primarily due to lower average money market assets, increased voluntary fee waivers related to certain money market funds and a change in the mix of average fixed-income assets. The decrease was partially offset by higher average equity assets.