Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 199

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 199
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, 2024, the Company had no outstanding foreign currency forward contracts. 
    
   The following table presents the Company’s derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of  June 30, 2025 and  December 31, 2024.  
    
   DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION
   (Dollars in Thousands)
   ﻿ 

     Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815   Balance Sheet Classification   June 30, 2025    December 31, 2024  
 TBAs and other forward agency MBS   Investments-trading  $11,349  $4,836 
 TBAs and other forward agency MBS   Trading securities sold, not yet purchased   (12,062)  (4,050)
 Equity derivatives   Other investments, at fair value   73   73 
 Share forward liabilities   Other investments sold, not yet purchased, at fair value   -   (470)
    $(640) $389 

   The following tables present the Company’s derivative financial instruments, and the amount and location of the net gain (loss) recognized in the consolidated statements of operations.
    
   DERIVATIVE FINANCIAL INSTRUMENTS-STATEMENT OF OPERATIONS INFORMATION
   (Dollars in Thousands)
   ﻿ 

         Three Months Ended June 30,  
 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815   Income Statement Classification   2025    2024  
 TBAs and other forward agency MBS   Revenue-net trading  $925  $1,249 
 Equity derivatives   Principal transactions and other income (loss)   -   (79)
 Share forward liabilities   Principal transactions and other income (loss)   -   8,782 
    $925  $9,952 

   The share forward liabilities offset certain long positions included as a component of other investments, at fair value.  The offsetting long positions had income / (loss) of $0 and ($8,395) for the three months ended  June 30, 2025 and 2024, respectively. 

         Six Months Ended June