Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 94

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 94
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count was 117 at March 31, 2025 and 116 at March 31, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $388, or 27%, to $1,829 for the three months ended March 31, 2025, as compared to $1,441 for the three months ended March 31, 2024.  This increase was comprised of an increase in occupancy and equipment of $14, and an increase in business development of $374.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $88, or 4%, to $2,174 for the three months ended March 31, 2025, as compared to $2,086 for the three months ended March 31, 2024. The increase was comprised of an increase in subscriptions and dues of $262, partially offset by a decrease in clearing and execution of $174.  

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses decreased by $657, or 19%, to $2,792 for the three months ended March 31, 2025, as compared to $3,449 for the three months ended March 31, 2024. This decrease was comprised of a decrease in professional fees of $701, partially offset by an increase in other operating expense of $44.  

Depreciation and Amortization 

Depreciation and amortization increased by $48, or 39%, to $172 for the three months ended March 31, 2025, as compared to $124 for the three months ended March 31, 2024. 

       63

Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net decreased by $218 to $1,448 for the three months ended March 31, 2025, as compared to $1,666 for the three months ended March 31, 2024.  

INTEREST EXPENSE

(Dollars in Thousands)

      Three Months Ended March 31, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $