Cohen & Co Q1 net loss narrows to $2.6M; revenue $8.8M; dividend $0.25/share

Cohen & Co Inc.

2023-Q1 EPS reported -$1.77 revenue$8,824,000

Net loss attributable to Cohen & Co Inc. $2.6M ($1.77/diluted share) vs $7.6M loss a year ago.
Total revenues $8.8M, up from negative $0.7M in Q1 2022; net trading revenue $8.2M, down 32% YoY.
New issue and advisory revenue $0.9M, down 76% YoY; principal transactions and other revenue negative $2.3M.
Adjusted pre-tax loss $9.6M ($1.74/diluted share); total equity $82.4M as of March 31, 2023.
Board declared quarterly dividend of $0.25/share, payable June 2, 2023 to holders of record May 18.

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 the first quarter ended March 31, 2023 results: revenue $8.8 million, net income $2.6 million, EPS $1.77 per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $8.8 million
Net income: $2.6 million
EPS: $1.77 per diluted share
Result: reported results

Exact text from the filing

March 31, 2022. 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 $8.8 million for the three months ended March 31, 2023, compared to $12.5 million for the prior quarter and negative $0.7 million for the prior year quarter. o Net trading revenue was $8.2

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Source: SEC EDGAR

accession 0001104659-23-055805

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