Financial Performance - Federated Hermes reported earnings per diluted share (EPS) of $1.34 for Q3 2025, an increase from $1.06 in Q3 2024, with net income rising to $104.1 million from $87.5 million year-over-year [1][21]. - Revenue for Q3 2025 increased by $61.0 million or 15% compared to Q3 2024, primarily due to higher average money market and equity assets [8][11]. - Operating expenses rose by $43.3 million or 15% in Q3 2025, driven by increased distribution expenses and fluctuations in foreign currency exchange rates [9][11]. Asset Management - Total managed assets reached a record $871.2 billion as of September 30, 2025, up $70.7 billion or 9% from $800.5 billion a year earlier [2][16]. - Money market assets also hit a record of $652.8 billion, increasing by $59.8 billion or 10% from $593.0 billion year-over-year [7][16]. - Equity assets grew to $94.7 billion, up $11.1 billion or 13% from the previous year, while fixed-income assets reached a record $101.8 billion, up $1.6 billion or 2% [4][5][16]. Fund Performance - The company experienced record net sales of equity funds in Q3 2025, with strong interest in its MDT equity and alternative quantitative investment offerings [3][16]. - Top-selling equity funds included the Federated Hermes MDT Mid Cap Growth Fund and the Federated Hermes MDT Large Cap Growth Fund [4]. - Fixed-income funds that performed well included the Federated Hermes Ultrashort Bond Fund and the Federated Hermes Sustainable Global Investment Grade Credit Fund [5]. Dividends and Shareholder Returns - The board of directors declared a dividend of $0.34 per share, payable on November 14, 2025, to shareholders of record as of November 7, 2025 [3][21]. - The company repurchased 20,808 shares of its class B common stock during Q3 2025 due to employee restricted stock forfeitures [3].

Financial Performance - Federated Hermes reported earnings per diluted share (EPS) of $1.16 for Q2 2025, a significant increase from $0.20 in Q2 2024, with net income rising to $91.0 million from $21.0 million year-over-year [1][8][13] - Revenue for Q2 2025 increased by $22.3 million or 6% compared to Q2 2024, primarily driven by higher average money market and equity assets [8][14] - Operating expenses decreased by $54.1 million or 15% in Q2 2025, mainly due to lower intangible asset-related expenses from the previous year's impairment [9][15] Asset Management - Total managed assets reached a record $845.7 billion as of June 30, 2025, up $63.0 billion or 8% from $782.7 billion a year earlier [2][36] - Equity assets increased to $89.0 billion, up $11.1 billion or 14% from the previous year, while fixed-income assets rose to $98.7 billion, up $3.4 billion or 4% [4][5] - Money market assets also saw growth, reaching $634.4 billion, an increase of $47.8 billion or 8% from June 30, 2024 [7][36] Investment Strategies - The company experienced strong demand for its microshort and ultrashort funds, appealing to investors focused on capital preservation and liquidity [3] - Federated Hermes' MDT strategies saw assets grow to $23.2 billion, up $6.4 billion from Q1 2025 and $8.9 billion year-to-date [13] Shareholder Returns - The board of directors declared a dividend of $0.34 per share, payable on August 15, 2025 [3][13] - The company repurchased 1,547,182 shares of its class B common stock for $64.5 million during Q2 2025 and authorized a new share repurchase program for an additional 5 million shares [3][13]