Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 207

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 207
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 it to fluctuations in foreign currency rates, and, therefore, the Company  may, from time to time, hedge such exposure by using foreign currency forward contracts.  The Company carries foreign currency forward contracts at fair value and includes them as a component of other investments, at fair value in the Company’s consolidated balance sheets.  As of  September 30, 2025 and  December 31, 2024, the Company had no outstanding foreign currency forward contracts. 
    
   The following table presents the Company’s derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of  September 30, 2025 and  December 31, 2024.  
    
   DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION
   (Dollars in Thousands)
   ﻿ 

     Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815   Balance Sheet Classification   September 30, 2025    December 31, 2024  
 TBAs and other forward agency MBS   Investments-trading  $2,928  $4,836 
 TBAs and other forward agency MBS   Trading securities sold, not yet purchased   (1,429)  (4,050)
 Equity derivatives   Other investments, at fair value   73   73 
 Equity derivatives   Other investments sold, not yet purchased, at fair value   (65)  - 
 Share forward liability   Other investments, sold not yet purchase, at fair value   -   (470)
    $1,507  $389 

   The following tables present the Company’s derivative financial instruments, and the amount and location of the net gain (loss) recognized in the consolidated statements of operations.
    
   DERIVATIVE FINANCIAL INSTRUMENTS-STATEMENT OF OPERATIONS INFORMATION
   (Dollars in Thousands)
   ﻿ 

         Three Months Ended September 30,  
 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815   Income Statement Classification   2025    2024  
 TBAs and other forward agency MBS   Revenue-net trading  $806  $421 
 Equity derivatives   Principal transactions and other income (loss)   135   (804)
 Share forward liabilities