Cohen & Company reports Q1 2024 net income of $2M, revenue surges to $18.6M

Cohen & Co Inc.

2024-Q1 EPS reported $1.28 revenue$18,564,000

Net income attributable to Cohen & Company Inc. of $2.0M ($1.28 diluted EPS) vs loss of $2.6M ($1.77 loss) a year ago.
Adjusted pre-tax income of $7.7M ($1.37 per diluted share); second consecutive quarter of strong earnings.
Total revenue $18.6M, up from $8.8M YoY; new issue and advisory revenue jumped to $24.4M from $0.9M.
Principal transactions negative $18.4M due to mark-to-market adjustments on principal investments; equity method affiliates income $29M from SPAC closures.
Board declares quarterly dividend of $0.25 per share, payable June 5, 2024, to holders of record May 20, 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 0.9

Cohen & Co Inc. reported first quarter ended March 31, 2024 results: revenue $18.6 million, net income $2.0 million, EPS $1.28 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $18.6 million
Net income: $2.0 million
EPS: $1.28 per diluted share
Result: reported results

Exact text from the filing

March 31, 2023. 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 $18.6 million for the three months ended March 31, 2024, compared to $34.5 million for the prior quarter and $8.8 million for the prior year quarter. o Net trading revenue was $9.8 million for

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Source: SEC EDGAR

accession 0001104659-24-057249

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