Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 125

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 125
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403, partially offset by a decrease in occupancy and equipment of $6.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $115, or 5%, to $2,332 for the three months ended June 30, 2025, as compared to $2,217 for the three months ended June 30, 2024. The increase was comprised of an increase in subscriptions and dues of $231, partially offset by a decrease in clearing and execution of $116.

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,028, or 41%, to $3,561 for the three months ended June 30, 2025, as compared to $2,533 for the three months ended June 30, 2024. This increase is comprised of an increase in professional fees of $709 and an increase in other operating expenses of $319.  

Depreciation and Amortization 

Depreciation and amortization increased by $47, or 38%, to $172 for the three months ended June 30, 2025, as compared to $125 for the three months ended June 30, 2024. 

       79

Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net increased by $71 to $1,496 for the three months ended June 30, 2025, as compared to $1,425 for the three months ended June 30, 2024.  

INTEREST EXPENSE

      Three Months Ended June 30, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $
     1,186

     $
     1,172

     $
     14

      2020/2024 Notes 

     288

     135

     153

      Byline Credit Facility 

     22

     19

     3

      Redeemable Financial Instrument - JKD Investor 

     -

     99

     (99
     )

     $
     1,496

     $
     1,425

     $
     71

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

Gain on