2024 Q3 Form 10-Q Financial Statement

#000143774924024742 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $31.70M $10.80M $18.56M
YoY Change 85.12% -52.16% 110.38%
Cost Of Revenue $2.156M $2.533M $3.449M
YoY Change -1.51% 43.76% 56.77%
Gross Profit $29.54M $8.265M $15.12M
YoY Change 97.82% -60.28% 128.19%
Gross Profit Margin 93.2% 76.54% 81.42%
Selling, General & Admin $22.17M $14.51M $18.37M
YoY Change 17.34% 6.19% 31.53%
% of Gross Profit 75.06% 175.52% 121.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $144.0K $125.0K $124.0K
YoY Change 2.86% -16.11% -13.89%
% of Gross Profit 0.49% 1.51% 0.82%
Operating Expenses $22.32M $14.63M $18.49M
YoY Change 17.24% 5.94% 31.07%
Operating Profit $7.222M -$6.367M -$3.375M
YoY Change -275.97% -190.97% -54.9%
Interest Expense $9.151M $11.25M $8.491M
YoY Change 2.15% 59.62% 22.99%
% of Operating Profit 126.71%
Other Income/Expense, Net
YoY Change
Pretax Income $5.283M -$13.79M $24.00M
YoY Change -181.39% -383.82% -353.47%
Income Tax $142.0K -$205.0K $498.0K
% Of Pretax Income 2.69% 2.07%
Net Earnings $2.150M -$2.349M $2.023M
YoY Change -608.27% -64.41% -176.72%
Net Earnings / Revenue 6.78% -21.75% 10.9%
Basic Earnings Per Share $1.32 -$1.45 $1.28
Diluted Earnings Per Share $1.31 -$1.47 $1.28
COMMON SHARES
Basic Shares Outstanding 1.950M 1.927M 1.928M
Diluted Shares Outstanding 5.791M 5.682M 5.645M

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.29M $9.575M $11.83M
YoY Change 7.04% -21.3% 224.88%
Cash & Equivalents $14.29M $9.575M $11.83M
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $65.90M $61.31M $69.10M
Other Receivables $11.08M $7.851M $6.784M
Total Short-Term Assets $91.27M $78.74M $87.72M
YoY Change -28.2% -38.26% -23.26%
LONG-TERM ASSETS
Property, Plant & Equipment $8.871M $8.103M $8.257M
YoY Change 10.13% -5.91% -9.7%
Goodwill $109.0K $109.0K $109.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles $166.0K $166.0K $166.0K
YoY Change 0.0% 0.0% 0.0%
Long-Term Investments $26.15M $29.18M $43.28M
YoY Change 198.55% 232.25% 368.41%
Other Assets $3.545M $3.708M $3.193M
YoY Change 15.59% 97.02% -51.21%
Total Long-Term Assets $726.7M $747.3M $973.6M
YoY Change 7.84% 2.56% 54.32%
TOTAL ASSETS
Total Short-Term Assets $91.27M $78.74M $87.72M
Total Long-Term Assets $726.7M $747.3M $973.6M
Total Assets $818.0M $826.0M $1.061B
YoY Change 2.12% -3.52% 42.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.30M $68.30M $111.8M
YoY Change -58.53% -46.99% -3.31%
Accrued Expenses $35.59M $27.32M $29.30M
YoY Change 26.81% 11.59% 79.16%
Deferred Revenue
YoY Change
Short-Term Debt $592.2M $597.0M $768.2M
YoY Change 11.34% 2.22% 55.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $682.5M $692.8M $910.4M
YoY Change -1.22% -6.07% 45.48%
LONG-TERM LIABILITIES
Long-Term Debt $34.85M $37.56M $37.57M
YoY Change -6.68% 0.98% 1.41%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $34.85M $37.56M $37.57M
YoY Change -6.68% 0.98% 1.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $682.5M $692.8M $910.4M
Total Long-Term Liabilities $34.85M $37.56M $37.57M
Total Liabilities $717.4M $730.4M $948.0M
YoY Change -1.5% -5.73% 43.02%
SHAREHOLDERS EQUITY
Retained Earnings -$31.66M -$33.40M -$30.64M
YoY Change -12.51% -5.59% 7.95%
Common Stock $19.00K $19.00K $19.00K
YoY Change 5.56% 5.56% 5.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.77M $41.67M $43.75M
YoY Change
Total Liabilities & Shareholders Equity $818.0M $826.0M $1.061B
YoY Change 2.12% -3.52% 42.42%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $2.150M -$2.349M $2.023M
YoY Change -608.27% -64.41% -176.72%
Depreciation, Depletion And Amortization $144.0K $125.0K $124.0K
YoY Change 2.86% -16.11% -13.89%
Cash From Operating Activities $4.112M -$4.207M $5.137M
YoY Change -906.27% -47.13% -118.54%
INVESTING ACTIVITIES
Capital Expenditures $315.0K $375.0K $99.00K
YoY Change 284.15% 207.38% 3.13%
Acquisitions
YoY Change
Other Investing Activities $4.654M $9.682M -$2.757M
YoY Change -19.48% -52.21% -198.11%
Cash From Investing Activities $4.339M $9.307M -$2.856M
YoY Change -23.85% -53.78% -205.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.900M -7.341M -$999.0K
YoY Change 1.04% 100.35% 79.68%
NET CHANGE
Cash From Operating Activities 4.112M -4.207M $5.137M
Cash From Investing Activities 4.339M 9.307M -$2.856M
Cash From Financing Activities -3.900M -7.341M -$999.0K
Net Change In Cash 4.551M -2.241M $1.179M
YoY Change 242.7% -126.32% -104.63%
FREE CASH FLOW
Cash From Operating Activities $4.112M -$4.207M $5.137M
Capital Expenditures $315.0K $375.0K $99.00K
Free Cash Flow $3.797M -$4.582M $5.038M
YoY Change -741.39% -43.29% -118.12%

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b><em style="font: inherit;">1.</em> ORGANIZATION AND NATURE OF OPERATIONS </b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>Organizational History</i> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Cohen Brothers, LLC (“Cohen Brothers”) was formed on <em style="font: inherit;"> October </em><em style="font: inherit;">7,</em> <em style="font: inherit;">2004</em> by Cohen Bros. Financial, LLC (“CBF”). Cohen Brothers was established to acquire the net assets of CBF’s subsidiaries (the “Formation Transaction”): Cohen Bros. &amp; Company Inc.; Cohen Frères SAS; Dekania Investors, LLC; Emporia Capital Management, LLC; and the majority interest in Cohen Bros. &amp; Toroian Investment Management, Inc. The Formation Transaction was accomplished through a series of transactions occurring between <em style="font: inherit;"> March </em><em style="font: inherit;">4,</em> <em style="font: inherit;">2005</em> and <em style="font: inherit;"> May </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2005.</em></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">From its formation until <em style="font: inherit;"> December </em><em style="font: inherit;">16,</em> <em style="font: inherit;">2009,</em> Cohen Brothers operated as a privately owned limited liability company. On <em style="font: inherit;"> December </em><em style="font: inherit;">16,</em> <em style="font: inherit;">2009,</em> Cohen Brothers completed its merger (the “AFN Merger”) with a subsidiary of Alesco Financial Inc. (“AFN”), a publicly traded real estate investment trust ("REIT").</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">As a result of the AFN Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued units of membership interests directly from Cohen Brothers. In addition, AFN received additional Cohen Brothers membership interests directly from its members in exchange for AFN common stock. In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the AFN Merger was accounted for as a reverse acquisition, and Cohen Brothers was deemed to be the accounting acquirer. As a result, all of AFN’s assets and liabilities were required to be revalued at fair value as of the acquisition date. The remaining units of membership interests of Cohen Brothers that were <em style="font: inherit;">not</em> held by AFN were included as a component of non-controlling interest in the consolidated balance sheets.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Subsequent to the AFN Merger, AFN was renamed Cohen &amp; Company Inc. In <em style="font: inherit;"> January 2011, </em>Cohen &amp; Company Inc. was renamed again as Institutional Financial Markets, Inc. (“IFMI”) and on <em style="font: inherit;"> September 1, 2017 </em>was renamed again as Cohen &amp; Company Inc.  Effective <em style="font: inherit;"> January </em><em style="font: inherit;">1,</em> <em style="font: inherit;">2010,</em> the Company ceased to qualify as a REIT.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>The Company</i> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">The Company is a financial services company specializing in an expanding range of capital markets and asset management services. As of<em style="font: inherit;"> June 30, 2024</em><span style="background-color:#ffffff;">, th</span>e Company <span style="background-color:#ffffff;">had $2.33 billion in assets under management (“AUM”) of which $1.0 billion</span> was in collateralized debt obligations (“CDOs”). The remaining portion of AUM was from a diversified mix of Investment Vehicles (as defined herein).</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">In these financial statements, the “Company” refers to Cohen &amp; Company Inc. and its subsidiaries on a consolidated basis. Cohen &amp; Company, LLC or the “Operating LLC” refers to the main operating subsidiary of the Company.  “Cohen Brothers” refers to the pre-AFN Merger Cohen Brothers, LLC and its subsidiaries. “AFN” refers to the pre-merger Alesco Financial Inc. and its subsidiaries. When the term “Cohen &amp; Company Inc.” is used, it refers to the parent company itself. “JVB Holdings” refers to J.V.B. Financial Holdings, LP, a wholly owned subsidiary of the Operating LLC. “JVB” refers to J.V.B. Financial Group, LLC, a wholly owned broker-dealer subsidiary of JVB Holdings. "CCFESA" refers to Cohen &amp; Company Financial (Europe) S.A., a majority owned subsidiary regulated by the Autorite de Controle Prudentiel et de Resolution ("ACPR<span style="background-color:#ffffff;">") in France. "CCM", a division of JVB, refers to </span> Cohen &amp; Company Capital Markets, the Company's full-service boutique investment bank, which focuses on M&amp;A, underwriting, capital markets and SPAC advisory services.  </p> <p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">The Company’s business is organized into the following <span style="-sec-ix-hidden:c115083945">three</span> business segments.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><span style="text-decoration: underline; ">Capital Markets</span>: The Company’s Capital Markets business segment consists primarily of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, and advisory services. The Company’s fixed income sales and trading group provides trade execution to corporate investors, institutional investors, mortgage originators, and other smaller broker-dealers. The Company specializes in a variety of products, including but <em style="font: inherit;">not</em> limited to: corporate bonds, asset backed securities (“ABS”), mortgage-backed securities (“MBS”), residential mortgage-backed securities (“RMBS”), CDOs, collateralized loan obligations (“CLOs”), collateralized bond obligations (“CBOs”), collateralized mortgage obligations (“CMOs”), municipal securities, to-be-announced securities (“TBAs”) and other forward agency MBS contracts, U.S. government bonds, U.S. government agency securities, brokered deposits and certificates of deposit (“CDs”) for small banks, and hybrid capital of financial institutions including trust preferred securities (“TruPS”), whole loans, and other structured financial instruments. The Company operates its capital markets activities primarily through its subsidiaries: JVB in the United States and CCFESA in Europe. A division of JVB, Cohen &amp; Company Capital Markets ("CCM") is the Company's full-service boutique investment bank, which focuses on M&amp;A, underwriting, capital markets and SPAC advisory services.  </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><span style="text-decoration: underline; ">Asset Management</span>: The Company’s Asset Management business segment manages assets within CDOs, managed accounts, joint ventures, and investment funds (collectively referred to as “Investment Vehicles”). A CDO is a form of secured borrowing. The borrowing is secured by different types of fixed income assets such as corporate or mortgage loans or bonds. The borrowing is in the form of a securitization, which means that the lenders are actually investing in notes backed by the assets. In the event of default, the lenders will have recourse only to the assets securing the loan. The Company’s Asset Management business segment includes its fee-based asset management operations, which include ongoing base and incentive management fees.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><span style="text-decoration: underline; ">Principal Investing</span>: The Company’s Principal Investing business segment is comprised of investments that the Company holds related to its SPAC franchise and other investments the Company has made for the purpose of earning an investment return rather than investments made to support the Company’s trading and other Capital Markets business segment activities. In addition, the Company has received financial instruments as consideration for advisory services provided by its Capital Markets business segment, which are included in this segment.  These investments are included in the Company’s other investments, at fair value; other investments sold, <em style="font: inherit;">not</em> yet purchased; and investments in equity method affiliates in the Company’s consolidated balance sheets.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">The Company generates its revenue by business segment primarily through the following activities.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"><span style="text-decoration: underline; ">Capital Markets </span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Trading activities of the Company, which include execution and brokerage services, riskless trading activities as well as gains and losses (unrealized and realized) and income and expense earned on securities and derivatives classified as trading;</p> </td> </tr> <tr style="vertical-align: top;"> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Revenue earned on the Company’s gestation repo financing program; and</p> </td> </tr> </tbody> </table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">New issue and advisory revenue comprised of (a) origination fees for newly created financial instruments originated by the Company, (b) revenue from advisory services, and (c) revenue associated with arranging and placing the issuance of newly created financial instruments.  </p> </td> </tr> </tbody> </table> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"><span style="text-decoration: underline; ">Asset Management </span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Asset management fees for the Company’s on-going asset management services provided to certain Investment Vehicles, which <em style="font: inherit;"> may </em>include fees both senior and subordinate to the securities in the Investment Vehicle, and incentive management fees earned based on the performance of the various Investment Vehicles.</p> </td> </tr> </tbody> </table> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"><span style="text-decoration: underline; ">Principal Investing </span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 27pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments at fair value and other investments sold, <em style="font: inherit;">not</em> yet purchased; and</p> </td> </tr> <tr> <td style="width: 45pt;"> </td> <td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">● </p> </td> <td style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Income and loss earned on equity method investments.</td> </tr> </tbody> </table> <p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p>
CY2024Q2 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
2330000000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b><em style="font: inherit;">2.</em> BASIS OF PRESENTATION </b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">The financial statements of the Company included herein were prepared in conformity with U.S. GAAP for interim financial information and with the instructions to Form <em style="font: inherit;">10</em>-Q and Article <em style="font: inherit;">10</em> of Regulation S-<em style="font: inherit;">X.</em> Accordingly, they do <em style="font: inherit;">not</em> include all of the information and footnotes required by U.S. GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim month periods. All intercompany accounts and transactions have been eliminated in consolidation. The results for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2024 </em>and <em style="font: inherit;">2023</em><span style="background-color: rgb(255, 255, 255); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> are <em style="font: inherit;">not</em> necessarily indicative of the results for the entire year or any subsequent interim period. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form <em style="font: inherit;">10</em>-K for the year ended </span><em style="font: inherit;"> December 31, 2023</em><span style="background-color: rgb(255, 255, 255); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">.</span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">The Company’s management has evaluated subsequent events through the date of issuance of the Consolidated Financial Statements included herein. There have been <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">no</em> subsequent events, except as already disclosed, that occurred during such period that would require disclosure in this Form <em style="font: inherit;">10</em>-Q or would be required to be recognized in the Consolidated Financial Statements as of and for the <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">three</em> and <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2024.</em></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><span style="background-color: rgb(255, 255, 255); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Capitalized terms used herein without definition have the meanings ascribed to them in the Annual Report on Form <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">10</em>-K for the year ended </span><em style="font: inherit;"> December 31, 2023</em><span style="background-color: rgb(255, 255, 255); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">.  </span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p>
CY2024Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
38815000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
37474000 usd
CY2024Q2 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
1247000 usd
CY2023Q2 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
3267000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
6662000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
10717000 usd
CY2024Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
3762000 usd
CY2023Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
632000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
4728000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-2274000 usd
CY2024Q2 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
5009000 usd
CY2023Q2 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
3899000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
11390000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
8443000 usd
CY2024Q2 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
1103000 usd
CY2023Q2 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
918000 usd
us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
2510000 usd
us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
1653000 usd
CY2024Q2 cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
11308000 usd
CY2023Q2 cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
6402000 usd
cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
19187000 usd
cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
12532000 usd
CY2024Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
12411000 usd
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7320000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
21697000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
14185000 usd
CY2024Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
10240000 usd
CY2023Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
5630000 usd
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
17335000 usd
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
11085000 usd
CY2024Q2 us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
1007000 usd
CY2023Q2 us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
1416000 usd
us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
2403000 usd
us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
2866000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
11247000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
7046000 usd
us-gaap Interest Expense
InterestExpense
19738000 usd
us-gaap Interest Expense
InterestExpense
13951000 usd
CY2024Q2 cohn Other Trading Revenue
OtherTradingRevenue
2625000 usd
CY2023Q2 cohn Other Trading Revenue
OtherTradingRevenue
3243000 usd
cohn Other Trading Revenue
OtherTradingRevenue
5297000 usd
cohn Other Trading Revenue
OtherTradingRevenue
6949000 usd
CY2024Q2 cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
8798000 usd
CY2023Q2 cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
7416000 usd
cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
18646000 usd
cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
15626000 usd
us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b><em style="font: inherit;">6.</em> RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES </b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Amounts receivable from brokers, dealers, and clearing agencies consisted of the following.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES</p> <p style="margin: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;">(Dollars in Thousands)</p> <p style="margin: 0; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><em style="font: inherit;">June 30, 2024</em></p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><em style="font: inherit;">December 31, 2023</em></p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Deposits with clearing agencies</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">250</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">250</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Unsettled regular way trades, net</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">2,625</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,527</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Receivables from clearing agencies</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">57,442</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">65,024</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt;">Receivables from brokers, dealers, and clearing agencies</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">60,317</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">66,801</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td></tr> </tbody></table> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Amounts payable to brokers, dealers, and clearing agencies consisted of the following.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Dollars in Thousands)</p> <p style="margin: 0; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><em style="font: inherit;">June 30, 2024</em></p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><em style="font: inherit;">December 31, 2023</em></p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Margin payable</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">67,080</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">111,085</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-indent: 9pt;">Payables to brokers, dealers, and clearing agencies</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">67,080</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">111,085</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td></tr> </tbody></table> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Deposits with clearing agencies represent contractual amounts the Company is required to deposit with its clearing agents.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Securities transactions that settle in the regular way are recorded on the trade date, as if they had settled. The related amounts receivable and payable for unsettled securities transactions are recorded net in receivables from or payables to brokers, dealers, and clearing agencies on the Company’s consolidated balance sheets. </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Receivables from clearing agencies are primarily comprised of cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Margin payable represents amounts borrowed from Pershing, LLC to finance the Company’s trading portfolio. See note <em style="font: inherit;">5</em> for interest expense incurred on margin payable.  All of the Company's securities included in investments-trading and a portion of the Company's securities included in other investments, at fair value serve as collateral for this margin loan.  See note <em style="font: inherit;">7.</em>  </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"> </p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
CY2024Q2 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
250000 usd
CY2023Q4 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
250000 usd
CY2024Q2 cohn Receivables From Unsettled Regular Way Trades Net
ReceivablesFromUnsettledRegularWayTradesNet
2625000 usd
CY2023Q4 cohn Receivables From Unsettled Regular Way Trades Net
ReceivablesFromUnsettledRegularWayTradesNet
1527000 usd
CY2024Q2 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
57442000 usd
CY2023Q4 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
65024000 usd
CY2024Q2 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
60317000 usd
CY2023Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
66801000 usd
CY2024Q2 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
67080000 usd
CY2023Q4 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
111085000 usd
CY2024Q2 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
67080000 usd
CY2023Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
111085000 usd
CY2024Q2 us-gaap Trading Securities
TradingSecurities
122979000 usd
CY2023Q4 us-gaap Trading Securities
TradingSecurities
181328000 usd
CY2024Q2 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
47719000 usd
CY2023Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
65751000 usd
CY2024Q2 cohn Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
40331000 usd
CY2023Q4 cohn Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
72217000 usd
CY2024Q2 cohn Other Investment Sold Not Yet Purchased
OtherInvestmentSoldNotYetPurchased
7590000 usd
CY2023Q4 cohn Other Investment Sold Not Yet Purchased
OtherInvestmentSoldNotYetPurchased
24742000 usd
CY2024Q2 cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-19136000 usd
CY2023Q2 cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-11376000 usd
cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-48060000 usd
cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-13979000 usd
CY2024Q2 cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
11573000 usd
CY2023Q2 cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
23046000 usd
cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
20999000 usd
cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
23051000 usd
CY2024Q2 us-gaap Alternative Investment
AlternativeInvestment
7937000 usd
CY2023Q4 us-gaap Alternative Investment
AlternativeInvestment
7890000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-5134000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-22447000 usd
CY2024Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
9952000 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
25358000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
18292000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
25749000 usd
CY2024Q2 cohn Share Forward Arrangements Asset Liability Fair Value
ShareForwardArrangementsAssetLiabilityFairValue
-1384000 usd
CY2023Q4 cohn Share Forward Arrangements Asset Liability Fair Value
ShareForwardArrangementsAssetLiabilityFairValue
9159000 usd
CY2024Q2 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
541955000 usd
CY2023Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
408408000 usd
CY2024Q2 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
548928000 usd
CY2023Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
415057000 usd
CY2024Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
541734000 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
408203000 usd
CY2024Q2 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
548928000 usd
CY2023Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
415057000 usd
CY2024Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
541734000 usd
CY2024Q2 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
541955000 usd
srt Securities Sold Under Agreements To Repurchase Average Rate Paid
SecuritiesSoldUnderAgreementsToRepurchaseAverageRatePaid
0.0608 pure
cohn Securities Purchased Under Agreements To Resell Average Rate
SecuritiesPurchasedUnderAgreementsToResellAverageRate
0.0668 pure
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
408203000 usd
CY2023Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
408408000 usd
CY2023 srt Securities Sold Under Agreements To Repurchase Average Rate Paid
SecuritiesSoldUnderAgreementsToRepurchaseAverageRatePaid
0.061 pure
CY2023 cohn Securities Purchased Under Agreements To Resell Average Rate
SecuritiesPurchasedUnderAgreementsToResellAverageRate
0.0687 pure
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0477 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
973000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1804000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1516000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1517000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1525000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
725000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8060000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
864000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7196000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1206000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1223000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
23000 usd
us-gaap Sublease Income
SubleaseIncome
46000 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
648000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1282000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
22000 usd
us-gaap Sublease Income
SubleaseIncome
48000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
634000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1264000 usd
CY2024Q2 cohn Asset Managements Fees Receivable
AssetManagementsFeesReceivable
1934000 usd
CY2023Q4 cohn Asset Managements Fees Receivable
AssetManagementsFeesReceivable
1085000 usd
CY2024Q2 cohn New Issue Fee Receivable
NewIssueFeeReceivable
2484000 usd
CY2023Q4 cohn New Issue Fee Receivable
NewIssueFeeReceivable
1181000 usd
CY2024Q2 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
1413000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
1689000 usd
CY2024Q2 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
921000 usd
CY2023Q4 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
321000 usd
CY2024Q2 cohn Agency Repo Income Receivable
AgencyRepoIncomeReceivable
433000 usd
CY2023Q4 cohn Agency Repo Income Receivable
AgencyRepoIncomeReceivable
391000 usd
CY2024Q2 cohn Other Miscellaneous Receivables
OtherMiscellaneousReceivables
666000 usd
CY2023Q4 cohn Other Miscellaneous Receivables
OtherMiscellaneousReceivables
706000 usd
CY2024Q2 us-gaap Other Receivables
OtherReceivables
7851000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
5373000 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2078000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1328000 usd
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
235000 usd
CY2024Q2 us-gaap Security Deposit
SecurityDeposit
747000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
730000 usd
CY2024Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
166000 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
166000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
4498000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
3741000 usd
CY2024Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1222000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1180000 usd
CY2024Q2 cohn Redeemable Financial Instruments Accrued Interest
RedeemableFinancialInstrumentsAccruedInterest
100000 usd
CY2023Q4 cohn Redeemable Financial Instruments Accrued Interest
RedeemableFinancialInstrumentsAccruedInterest
90000 usd
CY2024Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
74000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
508000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
474000 usd
CY2024Q2 cohn Interest Payable Securities Sold Not Yet Purchased
InterestPayableSecuritiesSoldNotYetPurchased
579000 usd
CY2023Q4 cohn Interest Payable Securities Sold Not Yet Purchased
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