Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 358

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 358
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 the year ended December 31, 2022.  The increase was comprised of an increase in professional fees of $1,001 and an increase in other operating expenses of $142.  

Depreciation and Amortization 

﻿ 

Depreciation and amortization increased by $6, or 1%, to $563 for the year ended December 31, 2023, as compared to $557 for the year ended December 31, 2022. 

Non-Operating Income and Expense 

Interest Expense, net 

﻿ 

Interest expense, net increased by $1,544, or 31%, to $6,526 for the year ended December 31, 2023, as compared to $4,982 for the year ended December 31, 2022.

﻿ 

﻿ 

      INTEREST EXPENSE 

      (Dollars in Thousands) 

      For the Year Ended December 31, 

      2023 

      2022 

      Change 

      Junior subordinated notes 
      
     $
     5,247

     $
     3,442

     $
     1,805

      2020 Senior Notes 

     450

     458

     (8
     )

      2017 Convertible Note 

     -

     327

     (327
     )

      Byline Bank 

     338

     247

     91

      Redeemable Financial Instrument - JKD Capital Partners I LTD 

     491

     508

     (17
     )

     $
     6,526

     $
     4,982

     $
     1,544

﻿ 

See notes 19 and 20 to our consolidated financial statements included in this Annual Report on Form 10-K.

Income / (Loss) from Equity Method Affiliates

Income / (loss) from equity method affiliates increased by $36,540 to $15,609 for the year ended December 31, 2023, as compared to ($20,931) for the year ended December 31, 2022.  See note 12 to our consolidated financial statements included in this Annual Report on Form 10-K.

      Year Ended December 31, 

      2023 

      2022 

      Change 

      Insurance SPACs 
      
     $
     -