Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1577

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1577
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 a reasonable basis for our opinion.
 
Critical audit matters 
 
Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.
 
/s/ GRANT THORNTON LLP
 
We have served as the Company’s auditor since 2001.
 
Philadelphia, Pennsylvania
March 12, 2025

    F-2

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PART I. FINANCIAL INFORMATION 

ITEM 1.  FINANCIAL STATEMENTS. 

COHEN & COMPANY INC. 

CONSOLIDATED BALANCE SHEETS 

(Dollars in thousands) 

      December 31,  
   2024    2023  
 Assets         
 Cash and cash equivalents  $19,590  $10,650 
 Receivables from brokers, dealers, and clearing agencies   45,650   66,801 
 Due from related parties   941   772 
 Other receivables   6,526   5,373 
 Investments-trading   148,332   181,328 
 Other investments, at fair value   35,262   72,217 
 Receivables under resale agreements   668,259   408,408 
 Investments in equity method affiliates   23,430   14,241 
 Deferred income taxes   2,257   1,580 
 Goodwill   109   109 
 Right-of-use asset - operating leases   15,540   7,541 
 Other assets   5,253   3,741 
 Total assets  $971,149  $772,761 
         
 Liabilities         
 Payables to brokers, dealers, and clearing agencies  $66,655  $111,085 
 Accounts payable and other liabilities   10,913   8,115 
 Accrued compensation   17,770   17,268 
 Lease liability - operating leases   16,575   8,216 
 Trading securities sold, not yet purchased   36,432   65,751 
 Other investments sold, not yet purchased   1,651   24,742 
 Securities sold under agreement to