Custody Banks Beat Q1 Estimates as FHI Falls, BEN Rallies

Custody bank stocks posted a strong first-quarter earnings season, with 14 tracked companies beating consensus revenue estimates by an average 2.9%, while shares rose 4.3% on average after results, according to StockStory data published May 14, 2026. Federated Hermes (NYSE:FHI) reported revenue of $479 million, up 13.1% from a year earlier and 1.2% above estimates, with earnings also topping expectations. Its shares fell 4.4% after reporting and traded at $55.56. Franklin Resources (NYSE:BEN) delivered the group’s strongest upside, with revenue of $2.29 billion, up 8.7% and 11.8% above estimates. BEN shares rose 11.8% to $30.82. Ridgepost Capital (NYSE:RPC) was the weakest performer versus expectations, reporting revenue of $75.35 million, up 11.2% but 3.8% below estimates, with EBITDA also missing. BNY (NYSE:BK) revenue rose 13.8% to $5.41 billion, beating estimates by 4.3%, while Northern Trust (NASDAQ:NTRS) revenue rose 13.8% to $2.21 billion, 4% above estimates.