Federated Hermes Inc (FHI) News & EventsFHIFederated Hermes Inc

Q2 Revenue Reaches $502.78M, Sets Record

Reports Q2 revenue $502.78M, consensus $484.5M. Total assets under management reach a record $911.6B. "In addition to reaching record high equity assets in the second quarter, we achieved record gross sales across the range of our MDT suite of quantitative investment solutions, reaching all-time highs in MDT institutional separate accounts and SMAs (separately managed accounts). We also saw net positive MDT sales for the 14th consecutive quarter," said J. Christopher Donahue, president and chief executive officer.

Federated Hermes Q4 Revenue Reaches $482.83 Million

Reports Q4 revenue $482.83M, consensus $471.56M. "Federated Hermes' record assets at year-end were again driven by money market asset increases, as our liquidity products provided attractive cash management resources and opportunities for risk-adjusted returns," said Christopher Donahue, president and CEO. "We also continued to see investor interest in our growing range of investment solutions beyond mutual funds, including ETFs, CITs and SMAs, which provide additional opportunities for financial professionals to meet the needs of their customers. In the fourth quarter, SMA net sales were led by our MDT All Cap Core strategy, our MDT Mid Cap Growth equity strategy and our Core Plus fixed-income strategy."

AmeriServ Financial Forms Strategic Alliance with Federated Hermes

AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial (ASRV), and Federated Hermes (FHI) announced a new strategic alliance designed to broaden investment opportunities for AmeriServ's individual and institutional wealth management customers across the region. Through this alliance, AmeriServ Bank's Wealth and Capital Management division along with its registered investment advisory subsidiary, AmeriServ Wealth Advisors, will now offer its clients access to the full complement of Federated Hermes' investment research, resources, Portfolio Construction Solutions, and wealth management products. This alliance underscores both organizations' commitment to delivering comprehensive financial services tailored to the evolving needs of both individual and institutional clients in Western Pennsylvania.