Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 88

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 88
---
 1,111

     7,236

     (6,125
     )

     (85
     %)

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

     782

     5,213

     4,431

     85
     %

      Net income / (loss) attributable to Cohen & Company Inc. 
      
     $
     329

     $
     2,023

     (1,694
     )

     (84
     %)

Revenues 

Revenues increased by $10,176, or 55%, to $28,740 for the three months ended March 31, 2025, as compared to $18,564 for the three months ended March 31, 2024. Each line item is discussed below in more detail.  

       57

Net Trading 

Net trading revenue decreased by $637, or 6%, to $9,211 for the three months ended March 31, 2025, as compared to $9,848 for the three months ended March 31, 2024.  The following table shows the detail by trading group.

NET TRADING

(Dollars in Thousands)

      Three Months Ended March 31, 

      2025 

      2024 

      Change 

      Mortgage 
      
     $
     949

     $
     1,314

     $
     (365
     )

      Gestation Repo 

     4,180

     3,457

     723

      High Yield Corporates 

     394

     2,285

     (1,891
     )

      CMOs 

     434

     203

     231

      SBAs 

     428

     -

     428

      Structured Notes 

     1,313

     -

     1,313

      Other 

     1,513

     2,589

     (1,076
     )

      Total 
      
     $
     9,211

     $
     9,848

     $
     (637
     )

﻿ 

Our net trading revenue includes unrealized gains on our trading investments as of the applicable measurement date that may never be realized due to changes in market or other conditions not under our control.  This may adversely affect the