Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2470

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2470
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128, or 3%, to $5,204 for the year ended December 31, 2023, as compared to $5,076 for the year ended December 31, 2022. This increase was comprised of an increase in occupancy and equipment of $297, partially offset by a decrease in business development of $169.  

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Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $691, or 8%, to $8,965 for the year ended December 31, 2023, as compared to $8,274 for the year ended December 31, 2022.  The increase was comprised of an increase in subscriptions and dues of $573 and an increase in clearing and execution of $118.  

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      58

Professional Fee and Other Operating Expenses 

﻿ 

Professional fee and other operating expenses increased by $1,143, or 14%, to $9,296 for the year ended December 31, 2023, as compared to $8,153 for 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.

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      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 

     -