Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 218

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 218
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 incentive compensation, severance, employer portion of payroll taxes, and benefits.  The increase was primarily the result of increased incentive compensation.  Our total headcount was 117 at March 31, 2025 and 116 at March 31, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $388, or 27%, to $1,829 for the three months ended March 31, 2025, as compared to $1,441 for the three months ended March 31, 2024.  This increase was comprised of an increase in occupancy and equipment of $14, and an increase in business development of $374.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $88, or 4%, to $2,174 for the three months ended March 31, 2025, as compared to $2,086 for the three months ended March 31, 2024. The increase was comprised of an increase in subscriptions and dues of $262, partially offset by a decrease in clearing and execution of $174.  

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses decreased by $657, or 19%, to $2,792 for the three months ended March 31, 2025, as compared to $3,449 for the three months ended March 31, 2024. This decrease was comprised of a decrease in professional fees of $701, partially offset by an increase in other operating expense of $44.  

Depreciation and Amortization 

Depreciation and amortization increased by $48, or 39%, to $172 for the three months ended March 31, 2025, as compared to $124 for the three months ended March 31, 2024. 

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Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net decreased by $218 to $1,448 for the three months ended March 31, 2025, as compared to $1,666 for the three months ended March 31, 2024.  

INTEREST EXPENSE

(Dollars in Thousands