Cohen & Co Inc. — fact timeline

Cohen & Co Inc. amended Fourth Amendment to Third Amended and Restated Loan Agreement with Byline Bank valued at $15 million (effective 2026-06-18).

“On June 18, 2026, the Borrower and the Lender entered into the Fourth Amendment to Third Amended and Restated Loan Agreement (the "Amendment"). Pursuant to the Amendment, the Loan Agreement was amended to: (i) replace certain definitions in the Loan Agreement to reflect the Borrower’s and its parent entity’s current names, (ii) provide that a failure to maintain Excess Net Capital (as defined under Rule 15c3-1 promulgated under the Securities and Exchange Act of 1934, as amended) of at least $30 million will constitute an event of default under the Loan Agreement unless such Excess Net Capital amount is restored within two business days, (iii) extend the maturity date and the final date upon which loans can be made under the Loan Agreement from June 18, 2026 to June 18, 2028; and (iv) increase the amount of Tangible Net Worth (as such term is defined in the Loan Agreement) maintained by the Borrower from and after March 31, 2027 from $70 million to $80 million. Except as described here”

Cohen & Co Inc. reported first quarter ended March 31, 2026 results: revenue $57.9 Million, net income $1.5 Million, EPS $0.42 per diluted share.

“Revenue of $57.9 Million Net Income Attributable to Cohen & Company Inc. of $1.5 Million, or $0.42 per Diluted Share”

Cohen & Co Inc. reported the fourth quarter and year ended December 31, 2025 results: revenue $102.7 Million in Fourth Quarter 2025 and $275.6 Million in Full Year 2025, net income Net Income Attributable to Cohen & Company Inc. of $8.1 Million, or $1.48 per Diluted Share, in Fourth Quarter 2025 and.

“On March 6, 2026, 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, 2025.”

Cohen & Co Inc. entered into Equity Distribution Agreement with Northland Securities, Inc. (trade name Northland Capital Markets) and Cohen & Company Securities, LLC valued at up to $75,000,000 (effective 2026-02-20).

“On February 20, 2026, Cohen & Company Inc., a Maryland corporation (the “Company”), entered into an Equity Distribution Agreement (the “Agreement”) with Northland Securities, Inc. (trade name Northland Capital Markets) (“Northland”) and Cohen & Company Securities, LLC (“Cohen Securities”), as sales agents (Cohen Securities and Northland, together, the “Sales Agent”), relating to the issuance and sale from time to time by the Company (the “ATM Program”), through the Sales Agents, of shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $75,000,000 (the “Shares”).”

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.

“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”

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

“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.”

Cohen & Co Inc. amended Supplemental Indenture No. 1 to Junior Subordinated Indenture with Wells Fargo Bank, N.A. (effective 2023-07-01).

“On January 26, 2024, the Company and the Trustee entered into Supplemental Indenture No. 1 to Junior Subordinated Indenture (the “Supplemental Indenture”), which amended the Indenture to provide that the benchmark to determine the interest rates applicable to the Notes will be based on the Secured Overnight Financing Rate (SOFR), as provided in the Adjustable Interest Rate (LIBOR) Act.”

Cohen & Co Inc. amended Amendment No. 1 to Amended and Restated Senior Promissory Note with JKD Capital Partners I LTD (effective 2024-01-05).

“On January 5, 2024, the Operating LLC and JKD entered into the Amendment No. 1 to Amended and Restated Senior Promissory Note (the “Amendment”)”

Cohen & Co Inc. entered into Section 382 Rights Agreement with Computershare Inc. (effective 2024-01-02).

“On January 2, 2024, Cohen & Company Inc., a Maryland corporation (the “Company”), entered into a Section 382 Rights Agreement (the “Rights Agreement”) between the Company and Computershare Inc., as rights agent (the “Rights Agent”).”

Cohen & Co Inc. amended First Amendment to Third Amended and Restated Loan Agreement with Byline Bank valued at $15 million (effective 2023-12-22).

“On December 22, 2023 and effective December 21, 2023, the Borrower and the Lender entered into the First Amendment to Third Amended and Restated Loan Agreement (the "Amendment"), pursuant to which both the maturity date and the final date upon which loans can be made under the Loan Agreement were extended to June 18, 2024.”

Cohen & Co Inc. reported third quarter ended September 30, 2023 results: revenue $17.1 million, net income $0.4 million, or $0.28 per diluted share, EPS $(0.28).

“September 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 $17.1 million for the three months ended September 30, 2023, compared to $22.6 million for the prior quarter and $23.5 million for the prior year quarter. o Net trading revenue was $7.5”

Cohen & Co Inc. entered into Equity Distribution Agreement with Northland Securities, Inc. (trade name Northland Capital Markets) valued at up to $75,000,000 (effective 2023-10-05).

“On October 5, 2023, Cohen & Company Inc., a Maryland corporation (the “Company”), entered into an Equity Distribution Agreement (the “Agreement”) with Northland Securities, Inc. (trade name Northland Capital Markets), as sales agent (the “Sales Agent”), relating to the issuance and sale from time to time by the Company (the “ATM Program”), through the Sales Agent, of shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $75,000,000 (the “Shares”).”

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.

“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”

Cohen & Co Inc. amended revolving credit of up to $15 million with Byline Bank at Term SOFR Rate plus 6.0% maturing December 21, 2023.

“On June 9, 2023 (the “Effective Date”), the Borrower and the Lender entered into the Third Amended and Restated Loan Agreement (the “Third Amended and Restated Agreement”), which amended and restated the Second Amended and Restated Agreement in its entirety. The primary purposes of the amendment and restatement of the Second Amended and Restated Agreement was to (i) decrease the loan commitment of Lender there under from $25 million to $15 million, and (ii) decrease the amount of tangible net worth which the Borrower was required to maintain from $85 million through June 30, 2023 (and $90 million thereafter) to $70 million at all times during the term of the Third Amended and Restated Agreement.”

Cohen & Co Inc. amended Third Amended and Restated Loan Agreement with Byline Bank valued at $15 million (effective 2023-06-09).

“As previously disclosed, on December 21, 2022, J.V.B. Financial Group, LLC (the “Borrower”), a Delaware limited liability company and a broker dealer indirect subsidiary of Cohen & Company Inc., a Maryland corporation (the “Company”), entered into the Second Amended and Restated Revolving Note and Cash Subordination Agreement (the “Second Amended and Restated Agreement”), with Byline Bank, as lender (the “Lender”), and the Borrower as borrower, pursuant to which, among other things, the Lender agreed to make loans to Borrower, at the Borrower’s request from time to time, in the aggregate amount of up to $25 million. On June 9, 2023 (the “Effective Date”), the Borrower and the Lender entered into the Third Amended and Restated Loan Agreement (the “Third Amended and Restated Agreement”), which amended and restated the Second Amended and Restated Agreement in its entirety.”

Cohen & Co Inc. shareholders approved Ratification of appointment of Grant Thornton LLP as independent registered public accounting firm for year ending December 31, 2023 at the 2023-06-07 meeting.

“The Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 by the number of votes set forth below. For Against Abstain 3,636,349 146,768 7,027”

Cohen & Co Inc. shareholders approved Election of five directors to serve until next annual meeting at the 2023-06-07 meeting.

“The Company’s stockholders elected Daniel G. Cohen, G. Steven Dawson, Jack J. DiMaio, Jr., Jack Haraburda and Diana Louise Liberto, each to serve until the next annual meeting of the Company’s stockholders and until his or her successor is duly elected and qualified or until his or her earlier death, resignation or retirement, by the number of votes set forth below.”

Cohen & Co Inc. reported the first quarter ended March 31, 2023 results: revenue $8.8 million, net income $2.6 million, EPS $1.77 per diluted share.

“March 31, 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 $8.8 million for the three months ended March 31, 2023, compared to $12.5 million for the prior quarter and negative $0.7 million for the prior year quarter. o Net trading revenue was $8.2”

Cohen & Co Inc. amended revolving credit of up to $25 million with Byline Bank at Term SOFR Rate plus 6.0%, provided that in no event can the interest rate be les maturing December 21, 2024.

“Pursuant to the Second Amended and Restated Agreement, the Lender agreed to make loans to Borrower, at the Borrower’s request from time to time, in the aggregate amount of up to $25 million. Loans (both principal and interest) made by the Lender to the Borrower under the Second Amended and Restated Agreement are scheduled to mature and become immediately due and payable in full on December 21, 2024. In addition, loans may be made under the Second Amended and Restated Agreement until December 21, 2023. Loans under the Second Amended and Restated Agreement will bear interest at a per annum rate equal to the Term SOFR Rate (as such term is defined in the Second Amended and Restated Agreement) plus 6.0%, provided that in no event can the interest rate be less than 7.0%.”

Cohen & Co Inc. amended Second Amended and Restated Revolving Note and Cash Subordination Agreement with Byline Bank valued at $25 million (effective 2022-12-21).

“On December 21, 2022 (the “Effective Date”), the Borrower and the Lender entered into the Second Amended and Restated Revolving Note and Cash Subordination Agreement (the “Second Amended and Restated Agreement”), which amended and restated the Amended and Restated Agreement in its entirety.”

Cohen & Co Inc. reported third quarter ended September 30, 2022 results: revenue $23.5 million, net income $0.9 million, EPS $0.64 per diluted share.

“September 30, 2021. 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 $23.5 million for the three months ended September 30, 2022, compared to $9.2 million for the prior quarter and $6.6 million for the prior year quarter. o Net trading revenue was $8.0 million”

Daniel G. Cohen was appointed as Executive Chairman at Cohen & Co Inc..

“to provide that, effective as of the Effective Date, (i) Mr. Cohen will serve as the Executive Chairman of the Company’s Board of Directors and the Executive Chairman of the Operating LLC’s Board of Managers;”