Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 270

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 270
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, 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. 

       69

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, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $
     2,330

     $
     2,333

     $
     (3
     )

      2020/2024 Notes 

     574

     262

     312

      Byline Credit Facility 

     40

     38

     2

      Redeemable Financial Instrument - JKD Investor 

     -

     458

     (458
     )

     $
     2,944

     $
     3,091

     $
     (147
     )

See notes 15 to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q.  

Gain on Sale of Management Contracts

On March 13, 2025, we entered into an MTA with Hildene to sell our CDO collateral management contracts for (i) Alesco Preferred Funding III, Ltd., (ii) Alesco Preferred Funding IV, Ltd.,