Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 110

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 110
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 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 revenues.  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 $785, or 26%, to $3,817 or the six months ended June 30, 2025, as compared to $3,032 for the six months ended June 30, 2024.  This increase was comprised of an increase in occupancy and equipment of $8, and an increase in business development of $777.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $203, or 5%, to $4,506 for the six months ended June 30, 2025, as compared to $4,303 for the six months ended June 30, 2024. The increase was comprised of an increase in subscriptions and dues of $493, partially offset by a decrease in clearing and execution of $290.  

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $371, or 6%, to $6,353 for the six months ended June 30, 2025, as compared to $5,982 for the six months ended June 30, 2024. The increase was comprised of an increase in professional fees of $8, and an increase in other operating expense of $363.  

Depreciation and Amortization 

Depreciation and amortization increased by $95, or 38%, to $344 for the six months ended June 30, 2025, as compared to $249 for the six months ended June 30, 2024. 

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Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net decreased by $147 to $2,944 for the six months ended June 30, 2025, as compared to $3,091 for the six months ended June 30, 2024.  

INTEREST EXPENSE

      Six Months Ended June 30