Cohen & Company reports Q3 2022 adjusted pre-tax income of $2.2M; declares $0.25 dividend

Cohen & Co Inc.

2022-Q3 EPS reported -$7.33 revenue$31,937,000

Net loss attributable to Cohen of $0.9M ($0.64 diluted loss); adjusted pre-tax income $2.2M ($0.41 diluted).
Total revenues $23.5M, up from $6.6M YoY; new issue & advisory revenue $13.2M (up $9.8M QoQ).
Principal transactions negative $1.2M on SPAC mark-to-market; $4.6M loss on bankrupt gestation repo counterparty.
Board declares $0.25/share quarterly dividend payable Dec 2, 2022 to holders of record Nov 18, 2022.
Total equity $105.6M at Sep 30, 2022, down from $151.4M at Dec 31, 2021; equity ex-nonconvertible NCI $101.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cohen & Co Inc. reported third quarter ended September 30, 2022 results: revenue $23.5 million, net income $0.9 million, EPS $0.64 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $23.5 million
Net income: $0.9 million
EPS: $0.64 per diluted share
Result: reported results

Exact text from the filing

September 30, 2021. Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per diluted share are not measures recognized under GAAP. See Note 1 below. ● Revenues were $23.5 million for the three months ended September 30, 2022, compared to $9.2 million for the prior quarter and $6.6 million for the prior year quarter. o Net trading revenue was $8.0 million

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Source: SEC EDGAR

accession 0001104659-22-113761

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