FEDERATED HERMES, INC.

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.