Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1979

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 1979
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 was comprised of an increase in business development of $867 and an increase in other occupancy of $546.  

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      48

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $674, or 8%, to $9,639 for the year ended December 31, 2024, as compared to $8,965 for the year ended December 31, 2023.  The increase was comprised of an increase in subscriptions and dues of $660 and an increase in clearing and execution of $14.  

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Professional Fee and Other Operating Expenses 

Professional fee and other operating expenses increased by $5,125, or 55%, to $14,421 for the year ended December 31, 2024, as compared to $9,296 for the year ended December 31, 2023.  The increase was comprised of an increase in professional fees of $1,913 and an increase in other operating expenses of $3,212.  A large portion of the increase in other operating expense was the result of bad debt expense of $2,556 recorded during 2024 related to CCM accounts receivable.  

Depreciation and Amortization 

Depreciation and amortization decreased by $7, or 1%, to $556 for the year ended December 31, 2024, as compared to $563 for the year ended December 31, 2023.

Non-Operating Income and Expense 

Interest Expense, net 

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Interest expense, net decreased by $705 to $5,821 for the year ended December 31, 2024, as compared to $6,526 for the year ended December 31, 2023.

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      INTEREST EXPENSE 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      Change 

      Junior subordinated notes 
      
     $
     4,695

     $
     5,247

     $
     (552
     )

      2020/2024 Notes 

     740

     450

     290

      Byline Bank 

     76

     338

     (262
     )

      Redeemable Financial Instrument - JKD Capital Partners I LTD