Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 278

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 278
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 September 30, 2024.  This increase was comprised of an increase in occupancy and equipment of $79, and an increase in business development of $1,180.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $283, or 4%, to $7,277 for the nine months ended September 30, 2025, as compared to $6,994 for the nine months ended September 30, 2024. The increase was comprised of an increase in subscriptions and dues of $474, partially offset by a decrease in clearing and execution of $191.  

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,989, or 24%, to $10,127 for the nine months ended September 30, 2025, as compared to $8,138 for the nine months ended September 30, 2024. The increase was comprised of an increase in professional fees of $1,418, and an increase in other operating expense of $571.  

Depreciation and Amortization 

Depreciation and amortization increased by $134, or 34%, to $527 for the nine months ended September 30, 2025, as compared to $393 for the nine months ended September 30, 2024. 

       69

Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net decreased by $69 to $4,416 for the nine months ended September 30, 2025, as compared to $4,347 for the nine months ended September 30, 2024.  

INTEREST EXPENSE

      Nine Months Ended September 30, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $
     3,547

     $
     3,532

     $
     15

      2020/2024 Notes 

     788

     449

     339

      Byline Credit Facility 

     81

     57

     24

      Redeemable Financial Instrument - JKD Investor 

     -

     309

     (309
     )

     $
     4,416

     $
     4,347

     $
     69

See notes 15 to our