Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1754

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1754
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 year ended December 31, 2022.  Our headcount decreased to 118 as of December 31, 2023 from 121 as of December 31, 2022.  Cash compensation increased primarily due to an increase in incentive compensation related to the increase in overall revenue and income from equity method affiliates. 

Equity-based compensation remained relatively flat.  

    ﻿ 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $128, or 3%, to $5,204 for the year ended December 31, 2023, as compared to $5,076 for the year ended December 31, 2022. This increase was comprised of an increase in occupancy and equipment of $297, partially offset by a decrease in business development of $169.  

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Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $691, or 8%, to $8,965 for the year ended December 31, 2023, as compared to $8,274 for the year ended December 31, 2022.  The increase was comprised of an increase in subscriptions and dues of $573 and an increase in clearing and execution of $118.  

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      58

Professional Fee and Other Operating Expenses 

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Professional fee and other operating expenses increased by $1,143, or 14%, to $9,296 for the year ended December 31, 2023, as compared to $8,153 for the year ended December 31, 2022.  The increase was comprised of an increase in professional fees of $1,001 and an increase in other operating expenses of $142.  

Depreciation and Amortization 

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Depreciation and amortization increased by $6, or 1%, to $563 for the year ended December 31, 2023, as compared to $557 for the year ended December 31, 2022. 

Non-Operating Income and Expense 

Interest Expense, net 

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Interest expense, net increased by $1,544, or 31%, to $6,526 for the year ended December 31, 2023, as compared to $4,982 for the year ended December 31, 202