Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1153

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 1153
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 expense (benefit)   (1)  3,205   4,634 
 Foreign income tax expense (benefit)   -   -   - 
 State and local income tax expense (benefit)   (676)  2,149   (55)
   (677)  5,354   4,579 
             
 Total  $(329) $5,545  $4,794 

   The components of income (loss) before income taxes are shown below.
    
   ﻿ 
    INCOME (LOSS) BEFORE INCOME TAXES 
 (Dollars in Thousands) 

       For the Year Ended December 31,  
   2024    2023    2022  
 Domestic  $7,220  $15,705  $(54,749)
 Foreign   640   239   873 
 Total  $7,860  $15,944  $(53,876)

        F-
       63

   The Company had prepaid taxes of $0 and $235 in the consolidated balance sheet as of  December 31, 2024 and 2023, respectively.
   ﻿ 
   The expected income tax expense /(benefit) using the federal statutory rate differs from income tax expense / (benefit) pertaining to pre-tax income / (loss) as a result of the following for the years ended  December 31, 2024, 2023, and 2022.  
   ﻿ 
   ﻿ 
    INCOME TAX RATE RECONCILIATION 
 (Dollars in Thousands) 

       For the Year Ended December 31,  
   2024    2023    2022  
 Federal statutory rate  $1,650  $3,348  $(11,314)
 Pass through impact   (1,746)  (3,257)  9,509 
 Deferred tax valuation allowance and other   95   3,114   6,439 
 State and local tax   (446)  2,220   143 
 Foreign tax   118   120   17 
 Total  $(329) $5,545  $4,794 

   Deferred tax assets and liabilities are determined based