Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 233

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 233
---
-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  September 30, 2025, the total minimum required net liquid capital was $728 and actual net liquid capital in CCFESA was $2,024, 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 September 30,    Nine Months Ended September 30,  
   2025    2024    2025    2024  
 Net income / (loss) attributable to Cohen & Company Inc.  $4,593  $2,150  $6,330  $1,824 
 Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (1)   11,049   5,446   15,192   4,631 
 Add / (deduct): Adjustment (2)   (107)  (17)  (98)  (30)
 Net income / (loss) on a fully converted basis  $15,535  $7,579  $21,424  $6,425 
                 
 Weighted average common shares outstanding - Basic   1,740,855   1,630,861   1,728,557   1,609,384 
 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares (1)   4,128,423   4,062,497   4,121,098   4,060,126 
 Restricted units or shares   162,447   97,498   82,978   57,627 
 Weighted average common shares outstanding - Diluted (3)   6,031,725   5,790,856   5,932,633   5,727,137 
                 
 Net income / (loss) per