Financial Data and Key Metrics Changes - The company reported a quorum of 4,755,983 votes entitled to be cast at the meeting, indicating strong shareholder engagement [5] - The meeting resulted in the approval of several proposals, including an increase in the number of shares authorized for issuance under the long-term incentive plan from 1,900,000 shares to 2,500,000 shares [13][15] Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided during the meeting [0] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting [0] Company Strategy and Development Direction and Industry Competition - The board of directors recommended several proposals aimed at enhancing the company's long-term incentive plan and executive compensation structure, indicating a focus on aligning management incentives with shareholder interests [8][9][10] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [0] Other Important Information - The meeting included the election of five directors to serve until the 2026 annual meeting, reflecting continuity in leadership [15] - The appointment of Grant Thornton as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified, ensuring ongoing compliance and oversight [14][16] Q&A Session Summary Question: Are there any questions from shareholders? - There were no questions submitted by shareholders during the meeting, indicating either satisfaction with the information provided or a lack of engagement [17]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32026 COHEN & COMPANY INC. (Exact name of registrant as specified in its charter) Maryland 16-1685692 (State or other ju ...

Cohen & Company (COHN) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Lester Brafman - Chief Executive OfficerJoseph Pooler - Executive VP, CFO & Treasurer Operator Good morning, ladies and gentlemen, and welcome to the Cohen Companies First Quarter twenty twenty five Earnings Call. My name is Rob, and I'll be your operator for today. Before we begin, Cohen and Company would like to remind everyone that some of the statements the Company makes during this call may contain forward lookin ...

Cohen & Company (COHN) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Cohen Companies First Quarter twenty twenty five Earnings Call. My name is Rob, and I'll be your operator for today. Before we begin, Cohen and Company would like to remind everyone that some of the statements the Company makes during this call may contain forward looking statements under applicable securities laws. These statements may involve risks and uncertainties that co ...

Exhibit 99.1 COHEN & COMPANY REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS Board Declares Quarterly Dividend of $0.25 per Share Philadelphia and New York, May 1, 2025 – Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended March 31, 2025. Summary Operating Results | | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in ...

Board Declares Quarterly Dividend of $0.25 per SharePHILADELPHIA and NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended March 31, 2025. Summary Operating Results Three Months Ended($ in thousands)3/31/25 12/31/24 3/31/24 Net trading$9,211 $8,947 $<td style="max-width:12%; width:12%; min-width:1 ...

PHILADELPHIA and NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2025 on Thursday, May 1, 2025. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results. The conference call will be available via webcast. Interested parties can access the webcast by clicking the webcast link on the Company’s homepage at www.cohenandcompany.com. Those wishing to listen to the confe ...

Leverages Expertise in Capital Markets and SPAC Advisory Services to Enhance OfferingsNEW YORK and BOCA RATON, Fla., April 07, 2025 (GLOBE NEWSWIRE) -- J.V.B. Financial Group, LLC (“JVB”), an indirect, controlled subsidiary of Cohen & Company Inc. (NYSE American: COHN) (“Cohen”), a financial services firm specializing in an expanding range of capital markets and asset management services, today announced the launch of a new SPAC-focused equity trading platform. Based in New York, the new trading group will ...

Asset Management and Revenue - As of December 31, 2024, the company had approximately $2,325,000 in assets under management (AUM), with 42% in CDOs[320]. - The company has not completed a new securitization since 2008, leading to a decline in asset management revenue from historical highs due to CDO asset declines[331]. - A significant portion of the company's asset management revenue is derived from CDO management, which has been negatively impacted by maturities, repayments, and defaults[331]. - Asset management fees increased by $1,672, or 23%, to $9,009 for the year ended December 31, 2024, compared to $7,337 for 2023[362]. - New issue and advisory revenue increased by $35,158, or 124%, to $63,422 for the year ended December 31, 2024, compared to $28,264 for 2023[366]. - Total revenues increased by $38,594, or 87%, to $82,981 for the year ended December 31, 2023, compared to $44,387 for 2022[414]. Financial Performance - Revenues decreased by $3,383, or 4%, to $79,598 for the year ended December 31, 2024, compared to $82,981 for 2023[354]. - Net income decreased by $2,210, or 21%, to $8,189 for the year ended December 31, 2024, compared to $10,399 for 2023[353]. - Principal transactions and other income decreased by $45,696, or 278%, resulting in a total of $(29,242) for the year ended December 31, 2024[353]. - The net income attributable to the non-controlling interest decreased from $19,590 in 2023 to $8,675 in 2024, a decline of approximately 56%[407]. - The company reported a tax benefit of ($329) for the year ended December 31, 2024, compared to an expense of $5,545 in 2023, indicating a significant turnaround[401]. - The total net income attributable to the Operating LLC was $(25,063) thousand for 2023, with a significant loss attributed to wholly owned subsidiaries[467]. Expenses and Cost Management - Operating expenses increased by $11,501, or 15%, to $87,621 for the year ended December 31, 2024, compared to $76,120 for 2023[353]. - Compensation and benefits increased by $4,296, or 8%, to $56,388 for the year ended December 31, 2024, compared to $52,092 for the year ended December 31, 2023[384]. - Professional fee and other operating expenses increased by $5,125, or 55%, to $14,421 for the year ended December 31, 2024, compared to $9,296 for the year ended December 31, 2023[391]. - Business development, occupancy, and equipment expenses increased by $1,413, or 27%, to $6,617 for the year ended December 31, 2024, compared to $5,204 for the year ended December 31, 2023[388]. - Operating expenses increased by $3,770, or 5%, to $76,120 for the year ended December 31, 2023, compared to $72,350 for 2022[440]. Market Conditions and Economic Impact - The overall business environment remains unpredictable, influenced by economic conditions, market volatility, and competition[325]. - Rising interest rates have negatively impacted mortgage activity and overall transaction volumes in financial markets, potentially pushing the U.S. into recession[1]. - The U.S. Federal Reserve's actions to raise interest rates have negatively impacted the company's business, particularly during periods of elevated rates[342]. - The mortgage group's revenue is highly dependent on U.S. mortgage origination volumes, which are sensitive to interest rates and economic conditions[341]. Investments and Financial Instruments - The company’s redeemable financial instruments decreased from $6,526 in 2023 to $5,821 in 2024, a reduction of approximately 11%[395]. - The company had no redeemable financial instruments as of December 31, 2024, down from $7,868 in 2023[512]. - The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans, carrying the investment at its reported NAV[377]. - The U.S. Insurance JV invests in insurance company debt, also carried at its reported NAV[378]. - The total par amount owed by the company to the trusts is $49,614,000, while the common stock held by the company in the trusts is valued at $1,489,000[514]. Cash Flow and Liquidity - Cash flow from operating activities for 2024 was $9,475 thousand, a recovery from $(39,660) thousand in 2023[480]. - Cash and cash equivalents increased to $19,590 thousand as of December 31, 2024, up from $10,650 thousand at the end of 2023, indicating improved liquidity[481]. - The company generated cash from investing activities amounting to $16,506 thousand in 2024, compared to $38,123 thousand in 2023[480]. - The cash flow from financing activities was $(16,717) thousand in 2024, reflecting ongoing capital management efforts[480]. - The cash used in operating activities included a net cash outflow of $77,599 related to working capital fluctuations and a net cash inflow of $65,282 from trading activities[487]. Debt and Obligations - Long-term indebtedness increased to $34,904 as of December 31, 2024, compared to $29,716 in 2023[508]. - Total contractual obligations as of December 31, 2024, amount to $133,089,000[517]. - Operating lease arrangements total $22,054,000, with $2,022,000 due in less than one year[517]. - Maturity of 2024 Notes is $5,146,000, with $2,573,000 due in less than one year[517]. - Interest on junior subordinated notes totals $50,220,000, with $4,292,000 due in less than one year[517]. Future Outlook and Strategic Initiatives - The company aims to address margin compression by diversifying its fixed income trading platform and expanding product lines[340]. - The company believes it can fund current operations and meet contractual obligations through existing cash resources and credit sources[517]. - There are uncertainties in the economy that may affect the company's ability to replace existing financing or find additional financing in the future[517].

Cohen & Company Inc. (NYSE:COHN) Q4 2024 Earnings Conference Call March 10, 2025 10:00 AM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cohen & Company's Fourth Quarter 2024 Earnings Call. My name is Sherry, and I will be your operator for today. Before we begin, Cohen & Company would like to remind everyone that some of the statements the company makes during this call contain forward-looking statements ...