secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001104659-24-057249
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924057249/0001104659-24-057249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924057249/tm2413103d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057249

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