Quarterly ResultMay 4, 2026, 01:11 PM
Cohen & Co Q1 Net Income $1.49M, Revenue $57.9M; EPS $0.82
AI Summary
Cohen & Company Inc. reported a strong first quarter for 2026, with net income attributable to the company increasing significantly to $1.49 million, up from $0.33 million in Q1 2025. Total revenues more than doubled to $57.90 million, primarily driven by a substantial rise in investment banking and new issue revenue. Basic earnings per share also saw a considerable increase to $0.82, reflecting the improved financial performance.
Key Highlights
- Net income attributable to Cohen & Company Inc. rose 353.5% to $1.49 million for Q1 2026.
- Total revenues increased by 101.4% to $57.90 million for the three months ended March 31, 2026.
- Basic income per common share grew 331.6% to $0.82 in Q1 2026.
- Investment banking and new issue revenue surged 126.7% to $45.71 million.
- Net trading revenue increased 43.3% to $13.20 million.
- Operating income significantly improved to $5.13 million from $0.11 million in Q1 2025.
- Cash and cash equivalents decreased to $18.99 million from $56.76 million at December 31, 2025.
- Net cash used in operating activities was $31.21 million for the quarter.