Cohen & company reports first quarter 2025 financial results
Philadelphia and new york, may 01, 2025 (globe newswire) -- cohen & company inc. (nyse american: cohn), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended march 31, 2025. summary operating results three months ended ($ in thousands) 3/31/25 12/31/24 3/31/24 net trading $ 9,211 $ 8,947 $ 9,848 asset management 2,020 2,067 2,717 new issue and advisory 33,239 10,075 24,388 principal transactions and other revenue (15,730 ) (2,548 ) (18,389 ) total revenues 28,740 18,541 18,564 compensation and benefits 21,666 12,935 14,839 non-compensation operating expenses 6,967 11,109 7,100 operating income (loss) 107 (5,503 ) (3,375 ) interest expense, net (1,448 ) (1,474 ) (1,666 ) income (loss) from equity method affiliates 2,418 (662 ) 29,045 income (loss) before income tax expense (benefit) 1,077 (7,639 ) 24,004 income tax expense (benefit) 139 (764 ) 498 net income (loss) 938 (6,875 ) 23,506 less: net income (loss) attributable to the non-convertible non-controlling interest (173 ) 66 16,270 enterprise net income (loss) 1,111 (6,941 ) 7,236 less: net income (loss) attributable to the convertible non-controlling interest 782 (4,988 ) 5,213 net income (loss) attributable to cohen & company inc. $ 329 $ (1,953 ) $ 2,023 fully diluted net income (loss) per share $ 0.19 $ (1.21 ) $ 1.28 adjusted pre-tax income (loss) (1) $ 1,250 $ (7,705 ) $ 7,734 fully diluted adjusted pre-tax income (loss) per share $ 0.22 $ (1.32 ) $ 1.37 (1) adjusted pre-tax income (loss) is not a measure recognized under u.s. generally accepted accounting principles (“gaap”).
