Cohen & Co. posts Q3 net income of $2.2M vs year-ago loss; revenue jumps 85% YoY

Cohen & Co Inc.

2024-Q3 EPS reported $1.12 revenue$61,057,000

Net income $2.2M ($1.31 diluted EPS) vs net loss of $0.4M ($0.28 loss) in Q3 2023.
Total revenue $31.7M, up from $17.1M YoY; new issue & advisory revenue surged to $22.5M.
Adjusted pre-tax income $7.7M ($1.34 per share) vs adjusted pre-tax loss of $8.4M a year ago.
Board declares $0.25 per share quarterly dividend, payable Dec 5, 2024 to holders of record Nov 20.
CEO cites strong CCM investment banking results with $21.4M advisory revenue and one SPAC IPO.

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