Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2683

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 2683
---
     95
     %

      Less: Net income (loss) attributable to the convertible non-controlling interest 

     (357
     )

     (4,078
     )

     (3,721
     )

     (91
     )%

      Net income / (loss) attributable to Cohen & Company Inc. 
      
     $
     (129
     )
      
     $
     (5,113
     )
      
     $
     4,984

     97
     %

﻿ 

Revenues 

﻿ 

Revenues decreased by $3,383, or 4%, to $79,598 for the year ended December 31, 2024, as compared to $82,981 for the year ended December 31, 2023. As discussed in more detail below, the change was comprised of (i) an increase of $5,483 in net trading revenue; (ii) an increase of $1,672 in asset management revenue; (iii) an increase of $35,158 in new issue and advisory revenue; and (iv) a decrease of $45,696 in principal transactions and other income.

﻿   

      43

Net Trading 

﻿ 

Net trading revenue increased by $5,483, or 18%, to $36,409 for the year ended December 31, 2024, as compared to $30,926 for the year ended December 31, 2023.  The following table shows the detail by trading group.

﻿

      NET TRADING 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      Change 

      Mortgage 
      
     $
     5,207

     $
     (1,523
     )
      
     $
     6,730

      Matched book repo 

     15,152

     16,315

     (1,163
     )

      High yield corporate 

     3,318

     4,768

     (1,450
     )

      Investment grade corporate 

     (56
     )

     (420
     )

     364

      Wholesale and other 

     12,788

     11,786

     1,002

      Total 
      
     $
     36,409

     $
     30,