Cohen & Company Q4 net income $4.5M ($2.97/diluted share); declares $0.25 quarterly dividend

Cohen & Co Inc.

Q4 net income attributable to Cohen & Company of $4.5M, vs net loss of $0.4M in Q3 2023 and net loss of $3.0M in Q4 2022.
Adjusted pre-tax income for Q4 was $16.0M ($2.88/diluted share), compared to adjusted pre-tax loss of $8.4M in prior quarter.
Revenues surged to $34.5M in Q4, driven by $18.7M new issue and advisory revenue and $17.2M income from equity method affiliates (SPAC closures).
Full year 2023 net loss attributable to Cohen & Company was $5.1M, or ($3.38) per diluted share.
Board declared $0.25 quarterly dividend payable April 5, 2024 to holders of record March 22, 2024.

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 0.85

Cohen & Co Inc. reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, Cohen & Company Inc., a Maryland corporation (the “Company”), issued a press release announcing the Company’s financial results for the fourth quarter and year ended December 31, 2023. A copy of the earnings release is attached to this report as Exhibit 99.1.

View on SEC.gov

Browse all earnings releases →

Cohen & Co Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-031480

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.