AI Earnings Predictions for Cohen & Company Inc. (COHN)

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

COHEN &

COMPANY REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS

Board Declares Quarterly Dividend of $0.25 per Share

Revenue of $57.9 Million

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

Adjusted Pre-Tax

Income of $4.0 Million, or $0.65 per Diluted Share

Philadelphia and New York, May 1, 2026 – Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today reported financial results for its first quarter ended March 31, 2026.

Lester Brafman, Chief Executive Officer of Cohen & Company, said, “We are pleased to deliver another strong quarter, driven by the ongoing expansion of our client franchise. In particular, our full-service boutique investment bank, Cohen & Company Capital Markets, continued to generate positive results, with a focus on frontier technologies, including digital assets, energy transition, and natural resources. Also during the quarter, our gestation repo business continued to grow, reaching a book size of $3.9 billion, and our sponsored SPAC, Columbus Circle Capital Corp. II, completed its $230 million IPO. We are encouraged by the momentum we have built as we look for opportunities to further grow our topline revenue and profitability. We remain confident in our future earnings potential and committed to enhancing long-term, sustained value for our stockholders through the return of capital, including our quarterly dividend.”

Summary Operating Results

Three Months Ended

($ in thousands) 3/31/26 12/31/25 3/31/25

Investment banking and new issue $45,711 $54,704 $20,164

Net trading 13,200 13,819 9,211

Asset management 2,419 2,681 2,020

Principal transactions and other revenue (3,428) 31,536 (2,655)

Total revenues 57,902 102,740 28,740

Compensation and benefits 41,307 57,845 21,666

Non-compensation operating expenses

11,462 14,850 6,967

Operating income (loss) 5,133 30,045 107

Interest expense, net (1,335) (1,460) (1,448)

Income (loss) from equity method affiliates (527) (5,081) 2,418

Income (loss) before income tax expense (benefit) 3,271 23,504 1,077

Income tax expense (benefit) (182) (2,275) 139

Net income (loss) 3,453 25,779 938

Less: Net income (loss) attributable to the non-convertible non-controlling interest (718) 5,254 (173)

Enterprise net income (loss) 4,171 20,525 1,111

Less: Net income (loss) attributable to the convertible non-controlling interest 2,679 12,424 782

Net income (loss) attributable to Cohen & Company Inc. $1,492 $8,101 $329

Fully diluted net income (loss) per share $0.42 $1.48 $0.19

Adjusted pre-tax income (loss) (1)

$3,989 $18,250 $1,250

Fully diluted adjusted pre-tax income (loss) per share (1)

$0.65 $2.97 $0.22

(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 (“GAAP”). See Note 1 below.

Financial Highlights

·Net income attributable to Cohen & Company Inc. was $1.5 million, or $0.42 per diluted share, for the three months ended March 31, 2026, compared to $8.1 million, or $1.48 per diluted share, for the three months ended December 31, 2025, and $0.3 million, or $0.19 per diluted share, for the three months ended March 31, 2025. Adjusted pre-tax income was $4.0 million, or $0.65 per diluted share, for the three months ended March 31, 2026, compared to adjusted pre-tax income of $18.3 million, or $2.97 per diluted share, for the three months ended December 31, 2025, and adjusted pre-tax income of $1.3 million, or $0.22 per diluted share, for the three months ended March 31, 2025. Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per diluted share are not measures recognized under GAAP. See Note 1 below.

·Revenue was $57.9 million for the three months ended March 31, 2026, compared to $102.7 million for the prior quarter and $28.7 million for the prior year quarter. The prior quarter included the closing of the business combination between our sponsored-SPAC, Columbus Circle Capital Corp. I, and ProCap Financial, Inc.

oInvestment banking and new issue revenue was $45.7 million for the three months ended March 31, 2026, down $9.0 million from the prior quarter and up $25.5 million from the prior year quarter. Cohen & Company Capital Markets (“CCM”) generated $45.7 million, $50.8 million, and $20.2 million of the investment banking and new issue revenue in 1Q26, 4Q25, and 1Q25, respectively.

oNet trading revenue was $13.2 million for the three months ended March 31, 2026, down $0.6 million from the prior quarter and up $4.0 million from the prior year quarter. The increase from the prior year quarter reflected higher trading revenue from the Company’s mortgage group, and the SPAC equity, CMO, and preferred equity trading desks. The gestation repo book of business was $3.9 billion at March 31, 2026.

oAsset management revenue was $2.4 million for the three months ended March 31, 2026, down $0.3 million

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Registrant Name Cohen & Co Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 6, 2026

Cohen & Company Inc.

(Exact name of registrant as specified in its charter)

Maryland

1-32026

16-1685692

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Cira Centre

2929 Arch Street, Suite 1703

Philadelphia, Pennsylvania

19104

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (215) 701-9555

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

COHN

The NYSE American Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 2.02 Results of Operations and Financial Condition.

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. A copy of the earnings release is attached to this report as Exhibit 99.1.

The information hereunder shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Description

99.1*

Press release dated March 6, 2026 announcing Cohen & Company Inc.’s financial results for the fourth quarter and year ended December 31, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Filed electronically herewith.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

COHEN & COMPANY INC.

Date: March 6, 2026 By: /s/ Joseph W. Pooler, Jr.

Name: Joseph W. Pooler, Jr.

Title: Executive Vice President, Chief Financial Officer and Treasurer

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2025-11-04 2025-11-04

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Registrant Name Cohen & Co Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 4, 2025

Cohen & Company Inc.

(Exact name of registrant as specified in its charter)

Maryland

1-32026

16-1685692

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Cira Centre

2929 Arch Street, Suite 1703

Philadelphia, Pennsylvania

19104

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (215) 701-9555

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

COHN

The NYSE American Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 2.02 Results of Operations and Financial Condition.

On November 4, 2025, Cohen & Company Inc., a Maryland corporation (the “Company”), issued a press release announcing the Company’s financial results for the third quarter ended September 30, 2025. A copy of the earnings release is attached to this report as Exhibit 99.1.

The information hereunder shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Description

99.1*

Press release dated November 4, 2025 announcing Cohen & Company Inc.’s financial results for the third quarter ended September 30, 2025.

104

Cover Page Interactive Data File (Embedded within the inline XBRL document.)

*Filed electronically herewith.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

COHEN & COMPANY INC.

Date: November 4, 2025 By:

/s/ Joseph W. Pooler, Jr.

Name: Joseph W. Pooler, Jr.

Title: Executive Vice President, Chief Financial Officer and Treasurer

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