Earnings summaries and quarterly performance for FEDERATED HERMES.
Research analysts who have asked questions during FEDERATED HERMES earnings calls.
Patrick Davitt
Autonomous Research
5 questions for FHI
Also covers: ABL, AMG, APO +10 more
KW
Kenneth Worthington
JPMorgan Chase & Co.
4 questions for FHI
Also covers: APO, ARES, BAM +27 more
WK
William Katz
TD Cowen
4 questions for FHI
Also covers: AB, AMG, AMTD +25 more
Brian Bedell
Deutsche Bank
3 questions for FHI
Also covers: AMG, AMTD, APO +22 more
JD
John Dunn
Evercore ISI
3 questions for FHI
Also covers: AAMI, AB, APAM +5 more
DF
Daniel Fannon
Jefferies Financial Group Inc.
2 questions for FHI
Also covers: AB, AMG, AMTD +27 more
BH
Brennan Hawken
UBS Group AG
1 question for FHI
Also covers: AMP, AMTD, APO +26 more
KL
Kenneth Lee
RBC Capital Markets
1 question for FHI
Also covers: AAMI, AMP, APAM +17 more
MC
Michael Cho
JPMorgan Chase & Co.
1 question for FHI
Also covers: ENV, FRGE, NDAQ +3 more
RH
Robin Holby
TD Cowen
1 question for FHI
Also covers: AB, ICE
T
Trevor
Jefferies Financial Group Inc.
1 question for FHI
Recent press releases and 8-K filings for FHI.
Federated Hermes announces new CIO for global fixed income and head of Municipal Bond Group
FHI
Management Change
- Federated Hermes announced that R.J. Gallo, current Deputy CIO for global fixed income, will succeed Robert Ostrowski as CIO for global fixed income.
- Robert Ostrowski will retire on May 1, 2026, after 38 years with Federated Hermes.
- Ann Ferentino will become the sole head of the Municipal Bond Group.
- As of Sept. 30, 2025, Gallo will oversee $101.8 billion in global fixed-income assets, and Ferentino will oversee $7.1 billion in municipal managed assets.
Jan 8, 2026, 9:12 PM
AM Best Revises FHM Insurance Company's Outlook to Stable
FHI
Demand Weakening
Profit Warning
- AM Best has revised the outlooks for FHM Insurance Company to stable from positive, while affirming its Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of "bbb-" (Good).
- The outlook revision reflects AM Best's assessment that FHM's enterprise risk management (ERM) remains marginal, and foundational actions to improve operating performance have not fully benefited the company's financial condition.
- Despite improving loss experience in recent accident years, the expense ratio remains high due to a relatively shrinking book of business, and persistent pressure on workers' compensation premium rates has challenged profitability.
- Negative rating action could occur if FHM's risk-adjusted capitalization materially deteriorates or if operating performance continues to trend poorly and falls short of AM Best's expectations.
Dec 18, 2025, 3:21 PM
Federated Hermes Reports Record Q3 2025 AUM and Announces FCP Acquisition
FHI
Earnings
M&A
New Projects/Investments
- Federated Hermes achieved record assets under management of $871 billion in Q3 2025, with total revenue increasing by $44.6 million (10%) from the prior quarter, largely due to growth in money market and equity assets.
- The company agreed to acquire a controlling interest in FCP, a U.S.-based real estate investment manager with $3.8 billion in AUM, aiming to enter the U.S. real estate market with the acquisition expected to close around the end of Q1 2026.
- Federated Hermes started Q4 with approximately $2.1 billion in net institutional mandates yet to fund, with about two-thirds expected to fund in Q4, and is actively pursuing digital asset opportunities, including tokenized money market funds.
Oct 31, 2025, 1:00 PM
Federated Hermes Reports Q3 2025 Financial Results
FHI
Earnings
Dividends
- Federated Hermes reported $871.2 billion in managed assets at the end of Q3 2025, with total revenue of $469.4 million and $1.34 earnings per share for the quarter.
- The company declared a dividend of $0.34 for Q3 2025.
- Managed assets saw growth across key categories compared to Q2 2025: equity assets increased by 6% to $94.7 billion, fixed-income assets grew by 3% to $101.8 billion, and liquidity assets rose by 3% to $652.8 billion at Q3 period end.
- Year-to-date Q3 2025, Federated Hermes recorded $2,888 million in net equity sales and $(1,071) million in net fixed-income sales.
Oct 31, 2025, 1:00 PM
Federated Hermes Reports Record Q3 2025 AUM and Revenue Growth
FHI
Earnings
M&A
New Projects/Investments
- Federated Hermes reported record assets under management (AUM) of $871 billion at the end of Q3 2025, with money market assets reaching $653 billion and fixed income assets reaching $101.8 billion.
- Total revenue for Q3 2025 increased by $44.6 million (10%) from the prior quarter, driven by higher money market and equity assets, and a $4.6 million termination fee. Operating expenses also rose by $32.2 million (10%), mainly due to increased distribution expenses.
- The company announced an agreement to acquire a controlling interest in FCP, a U.S.-based real estate investment manager with $3.8 billion in AUM as of June 30, with the acquisition expected to close around the end of Q1 2026.
- Federated Hermes began Q4 2025 with approximately $2.1 billion in net institutional mandates yet to fund, with about two-thirds expected to fund in Q4, including $1.6 billion in private market strategies and $1.2 billion in equities.
- The company is actively pursuing digital asset initiatives, including making two UCITS money market funds available in tokenized form and participating in a blockchain initiative with BNY Mellon and Goldman Sachs.
Oct 31, 2025, 1:00 PM
Federated Hermes, Inc. Reports Record Assets Under Management and Strong Q3 2025 Earnings
FHI
Earnings
Dividends
Revenue Acceleration/Inflection
- Federated Hermes, Inc. reported earnings per diluted share of $1.34 for Q3 2025, compared to $1.06 for Q3 2024, with net income of $104.1 million for Q3 2025.
- Total assets under management reached a record $871.2 billion at September 30, 2025, an increase of 9% from $800.5 billion at September 30, 2024.
- Revenue increased 15% in Q3 2025 compared to Q3 2024, primarily driven by higher average money market and equity assets.
- Money market assets reached a record $652.8 billion, and fixed-income assets reached a record $101.8 billion at September 30, 2025.
- The board of directors declared a $0.34 per share dividend.
Oct 30, 2025, 9:27 PM
Federated Hermes reports Q3 2025 earnings and record assets under management
FHI
Earnings
Dividends
Revenue Acceleration/Inflection
- Federated Hermes reported Q3 2025 earnings per diluted share of $1.34, an increase from $1.06 for the same quarter last year.
- Total assets under management (AUM) reached a record $871.2 billion at September 30, 2025, marking a 9% increase from $800.5 billion at September 30, 2024.
- Money market assets reached a record $652.8 billion and fixed-income assets reached a record $101.8 billion at September 30, 2025.
- Revenue for Q3 2025 increased by $61.0 million or 15% primarily due to higher average money market and equity assets, compared to Q3 2024.
- The board of directors declared a dividend of $0.34 per share.
Oct 30, 2025, 8:17 PM
Federated Hermes to Acquire Controlling Interest in FCP Fund Manager
FHI
M&A
New Projects/Investments
- Federated Hermes (FHI) has entered into a definitive agreement to purchase an 80% controlling interest in FCP Fund Manager LP, a U.S.-based real estate investment manager specializing in multifamily housing.
- The aggregate purchase price is up to $331 million, consisting of $215.8 million in cash, $23.2 million in FHI Class B common stock at closing, and up to $92 million in contingent consideration.
- The transaction is expected to be accretive to EPS by approximately $0.04 in 2026 and $0.13 in 2027, excluding transaction expenses.
- FCP Fund Manager currently has approximately $3.8 billion invested in strategies, and with its addition, Federated Hermes will have a global real estate platform managing approximately $9.3 billion.
Oct 24, 2025, 1:00 PM
Federated Hermes to acquire controlling interest in FCP Fund Manager
FHI
M&A
New Projects/Investments
Guidance Update
- Federated Hermes has entered into a definitive agreement to purchase an 80% controlling interest in FCP Fund Manager LP, a U.S.-based real estate investment manager.
- The aggregate purchase price is up to $371,000,000, which includes $215,800,000 in cash and $23,200,000 in FHI Class B common stock at closing, plus contingent consideration of up to $92,000,000.
- FCP specializes in U.S. multifamily real estate, with approximately $3.8 billion currently invested in strategies across the real estate capital structure.
- This acquisition is intended to expand Federated Hermes' private markets real estate business into the U.S. and increase investment offerings for clients.
- The transaction is expected to be accretive to EPS by approximately $0.04 in 2026 and $0.13 in 2027, excluding transaction expenses, with closing anticipated by the end of Q1.
Oct 24, 2025, 1:00 PM
Federated Hermes, Inc. to acquire FCP Fund Manager, L.P.
FHI
M&A
New Projects/Investments
- Federated Hermes, Inc. (FHI) announced the acquisition of an 80% interest in FCP Fund Manager, L.P. (FCP), a multifamily real estate investment and property management firm.
- The transaction involves $239 million in upfront consideration ($215.8 million in cash and $23.2 million in FHI shares) and up to $92 million in potential earnout consideration.
- FCP, founded in 1999, manages $3.8 billion in assets under management (AUM) as of June 30, 2025, and is projected to have ~$59 million in revenue and ~$30 million in EBITDA for 2025.
- FHI expects the acquisition to be accretive to its earnings per share (EPS), with an estimated $0.04 per share accretion in FY2026E and $0.13 per share in FY2027E.
- The acquisition is anticipated to close in the first half of 2026.
Oct 24, 2025, 1:00 PM
Quarterly earnings call transcripts for FEDERATED HERMES.
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