Core Viewpoint - Cohen & Company Inc. reported strong financial results for Q3 2024, showing significant revenue growth and a return to profitability compared to previous quarters and the same period last year [1][3][4]. Financial Performance - Total revenues for Q3 2024 were $31.7 million, a substantial increase from $10.8 million in Q2 2024 and $17.1 million in Q3 2023 [2][4]. - Net income attributable to Cohen & Company Inc. was $2.2 million, or $1.31 per diluted share, compared to a net loss of $2.3 million, or $1.47 per diluted share, in Q2 2024 and a net loss of $0.4 million, or $0.28 per diluted share, in Q3 2023 [4][15]. - Adjusted pre-tax income for Q3 2024 was $7.7 million, or $1.34 per diluted share, compared to an adjusted pre-tax loss of $8.6 million in Q2 2024 and a loss of $8.4 million in Q3 2023 [4][18]. Revenue Breakdown - Net trading revenue was $8.8 million, consistent with the prior quarter and up from $7.5 million in the prior year [2][4]. - Asset management revenue reached $2.1 million, stable compared to the previous quarter and up from $1.8 million year-over-year [2][4]. - New issue and advisory revenue surged to $22.5 million, up from $6.5 million in Q2 2024 and $7.2 million in Q3 2023 [2][4]. Operating Expenses - Compensation and benefits expenses increased to $17.9 million in Q3 2024, up from $10.7 million in Q2 2024 and $15.2 million in Q3 2023 [2][4]. - Total operating expenses for Q3 2024 were $24.5 million, compared to $17.2 million in Q2 2024 and $21.2 million in Q3 2023 [12]. Equity and Dividends - Total equity as of September 30, 2024, was $100.6 million, an increase from $91.8 million at the end of 2023 [5][21]. - The Board of Directors declared a quarterly dividend of $0.25 per share, payable on December 5, 2024 [5][6]. Future Outlook - The CEO expressed confidence in the company's future earnings potential and highlighted a robust pipeline for the Capital Markets segment, expecting consistent production through the end of the year [3][4].

Core Points - Cohen & Company Inc. will release its financial results for Q3 2024 on November 4, 2024, and will host a conference call at 10:00 a.m. ET to discuss these results [1] - The conference call will be accessible via webcast and can also be listened to with operator assistance through specific phone numbers [2] Company Overview - Cohen & Company is a financial services firm that offers a range of capital markets and asset management services, operating through segments such as Capital Markets, Asset Management, and Principal Investing [3] - The Capital Markets segment includes fixed income sales, trading, repo financing, new issue placements, and advisory services, primarily through subsidiaries in the U.S. and Europe [3] - As of September 30, 2024, the company managed approximately $2.4 billion in fixed income assets across various asset classes, including U.S. and European trust preferred securities, subordinated debt, and corporate loans [3] - The Principal Investing segment focuses on investments related to its SPAC franchise and other investments aimed at earning returns rather than supporting trading or capital markets activities [3]

Cohen & Company Inc. (NYSE:COHN) Q2 2024 Earnings Conference Call August 5, 2024 11:00 AM ET Company Participants Joseph W. Pooler Jr. - EVP, CFO, and Treasurer Lester R. Brafman - CEO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cohen & Company's Second Quarter 2024 Earnings Call. My name is Diego, 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 ma ...

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 June 30, 2024 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 jur ...

Exhibit 99.1 COHEN & COMPANY REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Board Declares Quarterly Dividend of $0.25 per Share Philadelphia and New York, August 5, 2024 – 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 second quarter ended June 30, 2024. Summary Operating Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------- ...

PHILADELPHIA and NEW YORK, Aug. 05, 2024 (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 second quarter ended June 30, 2024. Summary Operating Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|------------|-------|-------|--------------- ...

PHILADELPHIA and NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2024 on Monday, August 5, 2024. The Company will host a conference call at 11:00 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 conf ...

Table of Contents Trading inventory includes investments classified as investments-trading as well as trading securities sold, not yet purchased. See note 7. For discussion of margin payable, see note 6. Other trading revenue includes revenue earned on our agency repo business (see note 10). Margin payable represents amounts borrowed from Pershing, LLC to finance the Company's trading portfolio. See note 5 for interest expense incurred on margin payable. All of the Company's securities included in investmen ...

Cohen & Company Inc. (NYSE:COHN) Q1 2024 Earnings Conference Call May 6, 2024 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Cohen & Company’s First Quarter 2024 Earnings Call. My name is Maria 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 c ...

Exhibit 99.1 COHEN & COMPANY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Net Income Attributable to Cohen & Company Inc. of $2.0 Million, or $1.28 per Diluted Share Adjusted Pre-Tax income of $7.7 Million, or $1.37 per Diluted Share Summary Operating Results | | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in thousands) | 3/31/24 | | | 12/31/23 | | 3/31/23 | | Net trading | $ | 9,848 | $ | 7,809 | $ | 8,210 | | Asset management | | 2,717 | | 1,919 | | 2,025 | | New issue ...