Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 45

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 45
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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   Principal transactions and other income (loss)   -   6,414 
    $941  $6,031 

   The share forward liabilities offset certain long positions included as a component of other investments, at fair value.  The offsetting long positions had income / (loss) of $0 and ($2,950) for the three months ended  September 30, 2025 and 2024, respectively. 

         Nine 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  $2,163  $3,024 
 Equity derivatives   Principal transactions and other income (loss)   135   (1,447)
 Share forward liability   Principal transactions and other income (loss)   -   22,746 
    $2,298  $24,323 

   The share forward liabilities offset certain long positions included as a component of other investments, at fair value.  The offsetting long positions had income / (loss) of $0 and ($20,038) for the nine months ended  September 30, 2025 and 2024, respectively. 

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   10. COLLATERALIZED SECURITIES TRANSACTIONS 
    
   Gestation Repo
    
   Gestation repo involves entering into repo and reverse repo transactions where the underlying collateral security represents a pool of newly issued mortgage loans. The borrowers (the reverse repo