Federated Hermes Reports Third Quarter 2026 Earnings Growth and Record Equity Assets
Federated Hermes, Inc. (NYSE: FHI) reported strong third-quarter 2026 financial results, featuring earnings per diluted share of $1.50, an increase from $1.34 in the same period last year. Net income rose to $111.9 million compared to $104.1 million a year ago. The company's total managed assets reached $884.4 billion, supported by record-high equity assets of $110.5 billion and significant growth in alternative/private markets. Revenue grew 8% year-over-year, driven by higher average equity assets and the recent acquisition of FCP Fund Manager, L.P. While money market assets saw a slight decline, the company's strategic shift toward long-term assets is evident, with equity, fixed-income, and alternative strategies now accounting for 50% of total revenue. The board also declared a quarterly dividend of $0.38 per share.
Tickers: $FHI
Topics: asset management dividend declaration earnings report net income