Cohen & Co Q2 net loss $6.6M ($4.34/share); revenue $22.6M improves on principal transactions

Cohen & Co Inc.

2023-Q2 EPS reported -$6.14 revenue$31,396,000

Net loss attributable to Cohen & Co of $6.6M, or $4.34 per diluted share, vs loss of $2.6M ($1.77) in Q1 2023 and $1.9M ($1.53) in Q2 2022.
Total revenues $22.6M, up from $8.8M in Q1 and $9.2M in Q2 2022; driven by $12.2M principal transactions vs negative $2.3M in Q1.
Adjusted pre-tax loss $1.6M ($0.30 per share) vs adjusted pre-tax loss $9.6M ($1.74) in prior quarter.
Board declares $0.25/share quarterly dividend payable Sept 1, 2023 to holders of record Aug 18, 2023.
Company will not hold quarterly conference calls for foreseeable future; earned ~$5M new issue and advisory revenue in Q3-to-date.

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 second quarter ended June 30, 2023 results: revenue $22.6 million, net income $6.6 million, EPS $4.34 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $22.6 million
Net income: $6.6 million
EPS: $4.34 per diluted share
Result: reported results

Exact text from the filing

June 30, 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 $22.6 million for the three months ended June 30, 2023, compared to $8.8 million for the prior quarter and $9.2 million for the prior year quarter. o Net trading revenue was $7.4 million for

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Source: SEC EDGAR

accession 0001104659-23-086594

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