Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 291

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 291
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 remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $474, or 30%, to $2,041 for the three months ended September 30, 2025, as compared to $1,567 for the three months ended September 30, 2024.  This increase was comprised of an increase in business development of $403 and an increase in occupancy and equipment of $71.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $80, or 3%, to $2,771 for the three months ended September 30, 2025, as compared to $2,691 for the three months ended September 30, 2024. The increase was comprised of an increase in clearing and execution of $98; partially offset by a decrease in subscriptions of $18.

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,618, or 75%, to $3,774 for the three months ended September 30, 2025, as compared to $2,156 for the three months ended September 30, 2024. This increase is comprised of an increase in professional fees of $1,410 and an increase in other operating expenses of $208.  

Depreciation and Amortization 

Depreciation and amortization increased by $39, or 27%, to $183 for the three months ended September 30, 2025, as compared to $144 for the three months ended September 30, 2024. 

       79

Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net increased by $216 to $1,472 for the three months ended September 30, 2025, as compared to $1,256 for the three months ended September 30, 2024.  

INTEREST EXPENSE

      Three Months Ended September 30, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $
     1,217

     $
     1,199

     $
     18

      2020/2024 Notes 

     214

     187

     27

      Byline Credit Facility