Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 223

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 223
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 has an immaterial number of hourly employees. 

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   18. NET CAPITAL REQUIREMENTS 
    
   Cohen Securities is subject to the net capital provision of Rule 15c3-1 under the Exchange Act, which requires the maintenance of minimum net capital, as defined therein.  As of  June 30, 2025, Cohen Securities' minimum required net capital was $250, and actual net capital was $49,736, which exceeded the minimum requirements by $49,486.  CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533-2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD").  As of  June 30, 2025, the total minimum required net liquid capital was $729 and actual net liquid capital in CCFESA was $2,025, which exceeded the minimum requirement by $1,296. 

       43

   ﻿19. EARNINGS / (LOSS) PER COMMON SHARE
    
   The following table presents a reconciliation of basic and diluted earnings / (loss) per common share for the periods indicated.
    
   EARNINGS / (LOSS) PER COMMON SHARE
   (Dollars in Thousands, except share or per share information)

        Three Months Ended June 30, 

        Six Months Ended June 30, 

        2025 

        2024 

        2025 

        2024 

        Net income / (loss) attributable to Cohen & Company Inc. 
        
       $
       1,408

       $
       (2,349
       )
        
       $
       1,737

       $
       (326
       )

        Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (1) 

       3,361

       (6,028
       )

       4,143

       (815
       )

        Add / (deduct): Adjustment (2) 

       7

       18

       10

       (13
       )

        Net income / (loss) on a fully converted basis 
        
       $
       4,776

       $
       (8,