Nov 4, 8:30 AM ET
Federated Hermes said it is considering operational changes at Federated Hermes Limited, its London-based subsidiary, and has started a consultation process that proposes eliminating or transferring about 200 positions to the United States. The company expects pre-tax restructuring charges of about $15 million, split between $7 million in 2026 and $8 million in 2027, with an approximate $30 million annual pre-tax reduction in compensation and related expenses once completed by the end of 2027.
- Proposed restructuring at Federated Hermes Limited would eliminate or transfer about 200 positions, subject to consultation
- Expected pre-tax restructuring charges total about $15 million: $7 million in 2026 and $8 million in 2027
- Expected annual pre-tax cost reduction of about $30 million, primarily compensation, with completion targeted by end of 2027
Read the filing on SEC.gov ↗
Oct 29, 4:36 PM ET
Federated Hermes reported third quarter 2026 earnings per diluted share of $1.50, up from $1.34 a year earlier, on revenue of $507.3 million, up 8%. Equity assets reached a record $110.5 billion, and the board declared a $0.38 per share dividend, but total managed assets fell 3% from June 30, 2026.
- Q3 2026 net income was $111.9 million, compared with $104.1 million in Q3 2025.
- Revenue rose $37.9 million, or 8%, year over year, helped by higher average equity assets and the Q2 2026 acquisition of FCP Fund Manager, L.P.
- Total managed assets were $884.4 billion at Sept. 30, 2026, down $27.2 billion or 3% from June 30, 2026.
- The board declared a $0.38 per share dividend, payable Nov. 13, 2026 to shareholders of record as of Nov. 6, 2026.
Read the filing on SEC.gov ↗
Jul 30, 5:03 PM ET
Federated Hermes reported second quarter 2026 diluted EPS of $1.38, up from $1.16 a year earlier, on net income of $104.3 million versus $91.0 million. Total revenue rose 18% to $502.8 million, while operating expenses rose 20% to $369.9 million, and total managed assets reached a record $911.6 billion at June 30, 2026. Shareholders also received a declared dividend of $0.38 per share, up from $0.34 a year earlier.
- Q2 2026 diluted EPS was $1.38 versus $1.16 in Q2 2025; net income was $104.3 million versus $91.0 million.
- Total revenue was $502.8 million, up 18% from $424.8 million; operating expenses rose 20% to $369.9 million.
- Total managed assets were a record $911.6 billion at June 30, 2026, up 8% from a year earlier, including $3.2 billion of alternative assets acquired through the FCP Fund Manager, L.P. transaction.
- The board declared a $0.38 per share dividend payable Aug 14, 2026 to holders of record as of Aug 7, 2026; the company bought back $58.9 million of Class B common stock in Q2 2026.
Read the filing on SEC.gov ↗
Apr 30, 5:17 PM ET
Federated Hermes reported first quarter 2026 revenue of $479.0 million, up 13% from a year earlier, and diluted EPS of $1.27 versus $1.25. Net income fell 5% to $96.4 million, and the company said Q1 2025 included a $12.9 million VAT refund benefit. Record managed assets of $907.1 billion and a declared dividend of $0.38 per share were also reported.
- Q1 2026 diluted EPS $1.27 vs. $1.25 in Q1 2025; net income $96.4 million vs. $101.1 million
- Q1 2025 results included a $12.9 million decrease in other operating expense, or $0.15 per diluted share, from a U.K. VAT refund
- Total managed assets reached a record $907.1 billion at March 31, 2026, up 8% year over year
- Board declared a $0.38 per share dividend payable May 15, 2026 to holders of record May 8, 2026; company bought back 1,191,300 Class B shares for $66.0 million in Q1 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
