Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1161

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 1161
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 to the CODM and represents the information that is relied upon by management in its decision-making processes. Revenues and expenses directly associated with each business segment are included in determining net income / (loss) by segment.
    
   Beginning with this Annual Report on Form 10-K, the Company presents principal transactions gains and losses that relate to financial instruments that the Company received through CCM's activities as part of the Capital Markets segment with all other principal transactions gains and losses included in the Principal Investing segment. Prior to this report, all principal transactions gains and losses were included in the Principal Investing segment.  The Company recast all prior periods presented in this Annual Report on Form 10-K to be consistent.  The CODM evaluates the performance of the Capital Markets segment including the gains and losses on the financial instruments received through CCM's activities.    
    
   Interest expense in the table below includes non-operating interest expense.  Interest income and expense relating to operations is included in net trading revenue. See note 5. Indirect expenses (such as general and administrative expenses including executive and indirect overhead costs) not directly associated with specific business segments are not allocated to the business segments’ statements of operations.  See (1) below.
    
   Beginning in 2024 annual reporting, the Company adopted ASU 2023-07 retrospectively. The following table sets forth our segment information of revenue, expenses, and income (loss) from operations.﻿ 
    
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    SEGMENT INFORMATION 
 Statement of Operations Information 
 For the Year Ended  December 31, 2024 
 (Dollars in Thousands) 

       Capital    Asset    Principal    Segment         
   Markets    Management    Investing    Total    Unallocated (1)    Total  
 Net trading  $36,409  $-  $-  $36,409  $-  $36,409 
 Asset management   -   9,009   -   9,009   -   9,009 
 New issue and advisory   63,422   -   -   63,422   -   63,422 
 Principal transactions   (22,644)  -   (10,240)  (32,884)  -   (32,884)
 Other