Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1740

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1740
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2024, as compared to $52,092 for the year ended December 31, 2023.

      COMPENSATION AND BENEFITS 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      Change 

      Cash compensation and benefits 
      
     $
     51,720

     $
     47,701

     $
     4,019

      Equity-based compensation 

     4,668

     4,391

     277

      Total 
      
     $
     56,388

     $
     52,092

     $
     4,296

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Cash compensation and benefits in the table above is primarily comprised of salary, incentive compensation, severance, employer portion of payroll taxes, and benefits.  Cash compensation and benefits increased by $4,019 to $51,720 for the year ended December 31, 2024, as compared to $47,701 for the year ended December 31, 2023.  Our headcount decreased to 113 as of December 31, 2024 from 118 as of December 31, 2023.  Cash compensation increased primarily due to an increase in incentive compensation related to the increase in new issue and advisory revenue and income from equity method affiliates, as well as the year over year overall improvement in operating performance. 

﻿ 

Equity-based compensation increased due to a higher number of restricted shares granted in 2024 as compared to 2023.  

﻿ 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $1,413, or 27%, to $6,617 for the year ended December 31, 2024, as compared to $5,204 for the year ended December 31, 2023. This increase was comprised of an increase in business development of $867 and an increase in other occupancy of $546.  

﻿  

      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