Financial Data and Key Metrics Changes - The net loss attributable to Cohen & Company Inc. was $2.3 million for Q2 2024, or $1.47 per fully diluted share, compared to a net income of $2 million for the prior quarter and a net loss of $6.6 million for the same quarter last year [6] - Adjusted pretax loss was $8.6 million for the quarter, compared to adjusted pretax income of $7.7 million for the prior quarter and an adjusted pretax loss of $1.6 million for the same quarter last year [6] - Total equity at the end of the quarter was $95.6 million, up from $91.8 million at the end of 2023 [11] Business Line Data and Key Metrics Changes - Advisory revenues from Cohen & Company Capital Markets (CCM) were $6.4 million, with a focus on two SPAC IPOs [4] - New issue and advisory revenue was $6.5 million, a decrease of $17.9 million from the first quarter but an increase of $5.1 million from the year-ago quarter [7] - Net trading revenue was $8.8 million, down $1.1 million from the first quarter but up $1.4 million from the second quarter of 2023 [7] - Asset management revenue totaled $2.1 million, down $600,000 from the prior quarter but up $500,000 from the prior year quarter [7] - Principal transactions and other revenue was negative $6.6 million, primarily due to unfavorable mark-to-market adjustments on principal investments [8] Market Data and Key Metrics Changes - The company experienced volatility in revenue due to a limited number of engagements, which can lead to significant fluctuations in revenue recognized [7] - The decline in equity value of post-business combination SPACs negatively impacted the company's principal transactions revenue [8] Company Strategy and Development Direction - The company intends to continue adding investment banking talent to its CCM team and is optimistic about its pipeline [4] - The focus remains on enhancing long-term sustained value for stockholders, including the continued payment of quarterly dividends [5] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of ongoing unfavorable mark-to-market adjustments but expressed confidence in future earnings potential [5] - The company plans to evaluate its dividend policy each quarter, with future decisions potentially influenced by operating results and capital needs [11] Other Important Information - Compensation and benefits expense for the quarter was $10.7 million, down from the prior quarter but up from the prior year quarter [9] - The number of employees increased to 121 as of the end of the quarter, compared to 116 at the end of March [9] Q&A Session Summary - The call concluded without any specific questions or answers being recorded, as the operator indicated the end of the conference [12]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32026 COHEN & COMPANY INC. (Exact name of registrant as specified in its charter) Maryland 16-1685692 (State or other jur ...

Exhibit 99.1 COHEN & COMPANY REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Board Declares Quarterly Dividend of $0.25 per Share Philadelphia and New York, August 5, 2024 – Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2024. Summary Operating Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------- ...

PHILADELPHIA and NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2024. Summary Operating Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|------------|-------|-------|--------------- ...

PHILADELPHIA and NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2024 on Monday, August 5, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time (ET) that day to discuss these results. The conference call will be available via webcast. Interested parties can access the webcast by clicking the webcast link on the Company's homepage at www.cohenandcompany.com. Those wishing to listen to the conf ...

Table of Contents Trading inventory includes investments classified as investments-trading as well as trading securities sold, not yet purchased. See note 7. For discussion of margin payable, see note 6. Other trading revenue includes revenue earned on our agency repo business (see note 10). Margin payable represents amounts borrowed from Pershing, LLC to finance the Company's trading portfolio. See note 5 for interest expense incurred on margin payable. All of the Company's securities included in investmen ...

Cohen & Company Inc. (NYSE:COHN) Q1 2024 Earnings Conference Call May 6, 2024 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Cohen & Company’s First Quarter 2024 Earnings Call. My name is Maria and I will be your operator for today. Before we begin, Cohen & Company would like to remind everyone that some of the statements the company makes during this c ...

Exhibit 99.1 COHEN & COMPANY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Net Income Attributable to Cohen & Company Inc. of $2.0 Million, or $1.28 per Diluted Share Adjusted Pre-Tax income of $7.7 Million, or $1.37 per Diluted Share Summary Operating Results | | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in thousands) | 3/31/24 | | | 12/31/23 | | 3/31/23 | | Net trading | $ | 9,848 | $ | 7,809 | $ | 8,210 | | Asset management | | 2,717 | | 1,919 | | 2,025 | | New issue ...

Net Income Attributable to Cohen & Company Inc. of $2.0 Million, or $1.28 per Diluted Share Adjusted Pre-Tax income of $7.7 Million, or $1.37 per Diluted Share Board Declares Quarterly Dividend of $0.25 per Share PHILADELPHIA and NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE:COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended March 31, 2024. Summary Operating ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32026 COHEN & COMPANY INC. (Exact name of registrant as specified in its charter) Maryland 16-1685692 (State or Ot ...