Affective communication, encompassing verbal and non-verbal cues, is crucial for understanding human interactions. This study introduces a novel framework for enhancing emotional understanding by fusing speech emotion recognition (SER) and sentiment analysis (SA). We leverage diverse features and both classical and deep learning models, including Gaussian naive Bayes (GNB), support vector machines (SVMs), random forests (RFs), multilayer perceptron (MLP), and a 1D convolutional neural network (1D-CNN), to accurately discern and categorize emotions in speech. We further extract text sentiment from speech-to-text conversion, analyzing it using pre-trained models like bidirectional encoder representations from transformers (BERT), generative pre-trained transformer 2 (GPT-2), and logistic regression (LR). To improve individual model performance for both SER and SA, we employ an extended dynamic Bayesian mixture model (DBMM) ensemble classifier. Our most significant contribution is the development of a novel two-layered DBMM (2L-DBMM) for multimodal fusion. This model effectively integrates speech emotion and text sentiment, enabling the classification of more nuanced, second-level emotional states. Evaluating our framework on the EmoUERJ (Portuguese) and ESD (English) datasets, the extended DBMM achieves accuracy rates of 96% and 98% for SER, 85% and 95% for SA, and 96% and 98% for combined emotion classification using the 2L-DBMM, respectively. Our findings demonstrate the superior performance of the extended DBMM for individual modalities compared to individual classifiers and the 2L-DBMM for merging different modalities, highlighting the value of ensemble methods and multimodal fusion in affective communication analysis. The results underscore the potential of our approach in enhancing emotional understanding with broad applications in fields like mental health assessment, human–robot interaction, and cross-cultural communication.