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GlobeNewsWire
4 months ago
Cohen & Company Reports Second Quarter 2025 Financial Results
Second Quarter 2025 Revenue of $59.9 Million Second Quarter 2025 Net Income Attributable to Cohen & Company Inc. of $1.4 Million, or $0.81 per Diluted Share Second Quarter 2025 Adjusted Pre-Tax Income of $5.5 Million, or $0.94 per Diluted Share Board Declares Quarterly Dividend of $0.25 per Share PHILADELPHIA and NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2025. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/25 3/31/25 6/30/24 6/30/25 6/30/24 Net trading $ 10,757 $ 9,211 $ 8,798 $ 19,968 $ 18,646 Asset management 2,168 2,020 2,078 4,188 4,795 New issue and advisory 37,411 33,239 6,500 70,650 30,888 Principal transactions and other revenue 9,535 (15,730 ) (6,578 ) (6,195 ) (24,967 ) Total revenues 59,871 28,740 10,798 88,611 29,362 Compensation and benefits 44,323 21,666 10,699 65,989 25,538 Non-compensation operating expenses 8,053 6,967 6,466 15,020 13,566 Operating income (loss) 7,495 107 (6,367 ) 7,602 (9,742 ) Interest expense, net (1,496 ) (1,448 ) (1,425 ) (2,944 ) (3,091 ) Gain on sale of management contracts 837 - - 837 - Income (loss) from equity method affiliates (1,437 ) 2,418 (5,996 ) 981 23,049 Income (loss) before income tax expense (benefit) 5,399 1,077 (13,788 ) 6,476 10,216 Income tax expense (benefit) 771 139 (205 ) 910 293 Net income (loss) 4,628 938 (13,583 ) 5,566 9,923 Less: Net income (loss) attributable to the non-convertible non-controlling interest (141 ) (173 ) (5,206 ) (314 ) 11,064 Enterprise net income (loss) 4,769 1,111 (8,377 ) 5,880 (1,141 ) Less: Net income (loss) attributable to the convertible non-controlling interest 3,361 782 (6,028 ) 4,143 (815 ) Net income (loss) attributable to Cohen & Company Inc. $ 1,408 $ 329 $ (2,349 ) $ 1,737 $ (326 ) Fully diluted net income (loss) per share $ 0.81 $ 0.19 $ (1.47 ) $ 1.00 $ (0.20 ) Adjusted pre-tax income (loss) (1) $ 5,540 $ 1,250 $ (8,582 ) $ 6,790 $ (848 ) Fully diluted adjusted pre-tax income (loss) per share $ 0.94 $ 0.22 $ (1.51 ) $ 1.15 $ (0.15 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
