Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1924

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1924
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ENSE 
 (Dollars in Thousands) 

       For the Year Ended December 31,  
   2024    2023    2022  
 Current income tax expense (benefit)             
 Federal income tax expense (benefit)  $-  $-  $- 
 Foreign income tax expense (benefit)   118   120   198 
 State and local income tax expense (benefit)   230   71   17 
   348   191   215 
 Deferred income tax expense (benefit)             
 Federal income tax 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