Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 282

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 282
---
 2024.

COMPENSATION AND BENEFITS

      Three Months Ended June 30, 

      2025 

      2024 

      Change 

      Cash compensation and benefits 
      
     $
     43,274

     $
     9,544

     $
     33,730

      Equity-based compensation 

     1,049

     1,155

     (106
     )

      Total 
      
     $
     44,323

     $
     10,699

     $
     33,624

﻿ 

Cash compensation and benefits in the table above was primarily comprised of salary, incentive compensation, severance, employer portion of payroll taxes, and benefits.  The increase was primarily the result of increased incentive compensation driven by increased revenue.  Our total headcount was 118 at June 30, 2025 and 121 at June 30, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $397, or 25%, to $1,988 for the three months ended June 30, 2025, as compared to $1,591 for the three months ended June 30, 2024.  This increase was comprised of an increase in business development of $403, partially offset by a decrease in occupancy and equipment of $6.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $115, or 5%, to $2,332 for the three months ended June 30, 2025, as compared to $2,217 for the three months ended June 30, 2024. The increase was comprised of an increase in subscriptions and dues of $231, partially offset by a decrease in clearing and execution of $116.

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,028, or 41%, to $3,561 for the three months ended June 30, 2025, as compared to $2,533 for the three months ended June 30, 2024. This increase is comprised of an increase in professional fees of $709 and an increase in other operating expenses of $319.  

Depreciation and Amortization 

Depreciation