Federated Hermes Reports Record Equity Assets and 12% Earnings Growth for Q3 2026
Federated Hermes (FHI) delivered strong third-quarter 2026 results, highlighted by a 12% year-over-year increase in diluted earnings per share to $1.50. The company achieved record equity assets under management of $110.5 billion, fueled by $1.9 billion in positive net inflows and significant sales within its MDT quantitative strategies. While total managed assets rose 2% to $884.4 billion, money market assets saw a seasonal decline of $27 billion due to corporate tax payments and interest rate shifts. Despite this, the firm's alternative and private markets segment grew by 14% year-over-year. Management remains focused on disciplined maturity management in money markets while benefiting from strong institutional mandate wins heading into the fourth quarter.
Tickers: $FHI
Topics: assets under management earnings report net income revenue growth stock buyback