Cohen & Co. Q1 2025: Interest Income Edges Out Expense
Ticker: COHN · Form: 10-Q · Filed: May 2, 2025 · CIK: 1270436
Sentiment: neutral
Topics: 10-Q, real estate finance, mortgage-backed loans, tax adjustment
TL;DR
Cohen & Co. Q1 interest income ($2.05M) slightly beat interest expense ($2.04M). CREO JV tax adjustment noted.
AI Summary
Cohen & Co Inc. filed its 10-Q for the period ending March 31, 2025. The company reported interest income of $2,054,674 and interest expense of $2,040,052 for the quarter. The CREO JV, which invests in multi-family commercial real estate mortgage-backed loans, had an adjustment related to income tax expense or benefit.
Why It Matters
This filing provides insight into Cohen & Co.'s core lending and investment activities, showing a slight net gain from interest-bearing operations in the first quarter of 2025.
Risk Assessment
Risk Level: medium — The filing indicates potential tax adjustments related to the CREO JV, which could impact future earnings.
Key Numbers
- $2.05M — Interest Income (Q1 2025 revenue from interest-bearing assets)
- $2.04M — Interest Expense (Q1 2025 cost of borrowing)
- 50,000,000 — Total Assets (As of March 31, 2025)
- 27,413,098 — Total Liabilities (As of March 31, 2025)
Key Players & Entities
- Cohen & Co Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- $2,054,674 (dollar_amount) — Interest income for the quarter
- $2,040,052 (dollar_amount) — Interest expense for the quarter
- CREO JV (company) — Investment vehicle mentioned
FAQ
What was Cohen & Co.'s net interest income for the first quarter of 2025?
Cohen & Co. reported interest income of $2,054,674 and interest expense of $2,040,052 for the quarter ending March 31, 2025, resulting in a net interest income of $14,622.
What is the primary investment focus of the CREO JV?
The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans.
What specific adjustment was noted for the CREO JV in this filing?
An adjustment was included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit.
What were the total assets and liabilities of Cohen & Co. as of March 31, 2025?
As of March 31, 2025, Cohen & Co. reported total assets of $50,000,000 and total liabilities of $27,413,098.
When was Cohen & Co. formerly known as Institutional Financial Markets, Inc.?
Cohen & Co. was formerly known as Institutional Financial Markets, Inc. prior to January 21, 2011.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 2, 2025 regarding Cohen & Co Inc. (COHN).