FEDERATED HERMES, INC.

Federated Hermes, Inc. (FHI) is considering a restructuring of its London-based subsidiary, Federated Hermes Limited (FHL), to improve growth and cut operating costs. The proposed changes involve a potential elimination or transfer of approximately 200 positions to the US, subject to a consultation process. FHI anticipates incurring around $15 million in pre-tax restructuring charges, mainly for employee termination benefits, spread across 2026 and 2027. The company expects the restructuring, targeted for completion by the end of 2027, to yield an annual pre-tax reduction of approximately $30 million in compensation and related expenses.

Federated Hermes, Inc. reported strong third quarter 2026 results, with diluted earnings per share (EPS) of $1.50, a 12% increase year-over-year. Total managed assets grew 2% year-over-year to $884.4 billion, driven by a record $110.5 billion in equity assets, up 17% year-over-year. The company also announced a quarterly dividend of $0.38 per share and repurchased approximately $57.4 million of its stock. Revenue saw an 8% increase to $507.3 million, while operating expenses rose 4% to $354.0 million.

Federated Hermes, Inc. reported strong financial results for the second quarter of 2026, alongside a significant acquisition. The company completed the acquisition of an 80% interest in FCP Fund Manager, L.P. for $216.0 million in cash and $23.1 million in Class B common stock, with potential contingent payments up to $82.0 million. This acquisition aligns with Federated Hermes' strategy to expand its private markets and alternatives capabilities in the U.S. For the quarter, net income attributable to Federated Hermes, Inc. increased to $104.3 million, and earnings per share rose to $1.38, driven by a 18.3% increase in total revenue to $502.8 million.

Federated Hermes reported strong second-quarter 2026 results, with diluted EPS of $1.38, a 19% increase from the prior year, and net income of $104.3 million. The company achieved record total assets under management of $911.6 billion and record equity assets of $109.6 billion. Strategic initiatives included the launch of two new ETFs, an investment fund for the blockchain ecosystem, and the acquisition of a majority interest in FCP Fund Manager, L.P. The board also declared a $0.38 per share dividend and the company repurchased $58.9 million in shares.

Federated Hermes, Inc. reported Q1 2026 diluted earnings per share of $1.27, a 1.6% increase year-over-year. The company achieved record total assets under management of $907.1 billion, driven by record money market and equity assets. The board of directors also declared an 11.8% increase in the quarterly dividend to $0.38 per share.

Federated Hermes, Inc. (FHI) has completed its previously announced acquisition of an 80% interest in FCP Fund Manager, L.P., a privately held U.S. real estate investment manager. The aggregate purchase price for the transaction is valued at up to $331 million, comprising $215.8 million in cash, $23.2 million in Federated Hermes Class B common stock, and potential contingent consideration of up to $92 million. This strategic acquisition is expected to significantly expand FHI's private market offerings and leverage FCP's established leadership in the real estate sector, enhancing FHI's diversified investment capabilities.