{"id":1020369,"date":"2026-11-12T10:12:25","date_gmt":"2026-11-12T15:12:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cohen-company-reports-third-quarter-2026-financial-results\/"},"modified":"2026-11-12T10:12:25","modified_gmt":"2026-11-12T15:12:25","slug":"cohen-company-reports-third-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cohen-company-reports-third-quarter-2026-financial-results\/","title":{"rendered":"Cohen & Company Reports Third Quarter 2026 Financial Results"},"content":{"rendered":"

\nBoard Declares Quarterly Dividend of $0.25 per Share
\n<\/h2>\n
\n

PHILADELPHIA and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — Cohen & Company Inc. (NYSE American: COHN) (\u201cCohen & Company\u201d or the \u201cCompany\u201d) today reported financial results for its third quarter ended September 30, 2026. In a separate release, the Company also announced today that Daniel G. Cohen, Executive Chairman of the Board, has been appointed Chief Executive Officer.<\/p>\n

Daniel G. Cohen, Executive Chairman and Chief Executive Officer of Cohen & Company, said, \u201cWe are encouraged by the continued strong performance in our full-service boutique investment bank, Cohen & Company Capital Markets (\u201cCCM\u201d), and in our gestation repo business. During the third quarter, CCM underwrote six SPAC IPOs and one closed-end fund, raising $1.8 billion for clients, and advised on and raised capital for eight de-SPAC transactions, exemplifying its status as a leading SPAC advisor on Wall Street. Additionally, our gestation repo book grew to an all-time high of $4.5 billion during the quarter, illustrating the strength of our mortgage business. While third quarter results were unfavorably impacted by more than $17 million of mark-to-market adjustments in our investment banking and new issue revenue line, in large part due to the environment in our businesses, we still generated $6.9 million of enterprise net income and $648,000 of adjusted pre-tax income. We are focused on consistent production through the end of the year and positioning ourselves to enter 2027 with a strong pipeline. We continue to believe in our future earnings potential and are committed to driving long-term value for our stockholders, including through our quarterly dividend. We have generated $1.47 of fully diluted net income per share year to date and are confident in our future value creation potential.\u201d\u00a0<\/p>\n

\n Summary Operating Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nThree Months Ended<\/td>\n\u00a0<\/td>\nNine Months Ended<\/td>\n<\/tr>\n
($ in thousands)<\/td>\n9\/30\/26<\/td>\n\u00a0<\/td>\n6\/30\/26<\/td>\n\u00a0<\/td>\n9\/30\/25<\/td>\n\u00a0<\/td>\n9\/30\/26<\/td>\n\u00a0<\/td>\n9\/30\/25<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment banking and new issue<\/td>\n$<\/td>\n12,714<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n54,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n68,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n112,484<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n132,904<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net trading<\/td>\n\u00a0<\/td>\n12,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,888<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,528<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset management<\/td>\n\u00a0<\/td>\n1,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,937<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,136<\/td>\n\u00a0<\/td>\n<\/tr>\n
Principal transactions and other revenue<\/td>\n\u00a0<\/td>\n5,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(297<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,813<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n256<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total revenues<\/td>\n\u00a0<\/td>\n32,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n69,487<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,213<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n159,830<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n172,824<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Compensation and benefits<\/td>\n\u00a0<\/td>\n21,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,684<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110,635<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n119,673<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-compensation operating expenses<\/td>\n\u00a0<\/td>\n8,668<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,789<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income (loss)<\/td>\n\u00a0<\/td>\n2,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,760<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,362<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n(1,355<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,311<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,472<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,001<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,416<\/td>\n)<\/td>\n<\/tr>\n
Gain on sale of management contracts<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,734<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from equity method affiliates<\/td>\n\u00a0<\/td>\n(1,251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,038<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,663<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,816<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,682<\/td>\n)<\/td>\n<\/tr>\n
Income (loss) before income tax expense (benefit)<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,060<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,355<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,998<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense (benefit)<\/td>\n\u00a0<\/td>\n(6,264<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,305<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,643<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n6,288<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,919<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,660<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,355<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) attributable to the non-convertible non-controlling interest<\/td>\n\u00a0<\/td>\n(624<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,058<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,853<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,400<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,167<\/td>\n)<\/td>\n<\/tr>\n
Enterprise net income (loss)<\/td>\n\u00a0<\/td>\n6,912<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,642<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,060<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,522<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) attributable to the convertible non-controlling interest<\/td>\n\u00a0<\/td>\n212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,049<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,294<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,192<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) attributable to Cohen & Company Inc.<\/td>\n$<\/td>\n6,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,330<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fully diluted net income (loss) per share<\/td>\n$<\/td>\n0.12<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.58<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.47<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.61<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted pre-tax income (loss) (1)<\/td>\n$<\/td>\n648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,118<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23,165<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fully diluted adjusted pre-tax income (loss) per share (1)<\/td>\n$<\/td>\n0.10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.71<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.90<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

(1) Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per share are not measures recognized under U.S. generally accepted accounting principles (\u201cGAAP\u201d). See Note 1 below.<\/p>\n

\n Financial Highlights<\/strong>\n <\/p>\n