2024 Q4 Form 10-Q Financial Statement

#000143774924033077 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $31.70M
YoY Change 85.12%
Cost Of Revenue $2.156M
YoY Change -1.51%
Gross Profit $29.54M
YoY Change 97.82%
Gross Profit Margin 93.2%
Selling, General & Admin $22.17M
YoY Change 17.34%
% of Gross Profit 75.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $144.0K
YoY Change 2.86%
% of Gross Profit 0.49%
Operating Expenses $22.32M
YoY Change 17.24%
Operating Profit $7.222M
YoY Change -275.97%
Interest Expense $9.151M
YoY Change 2.15%
% of Operating Profit 126.71%
Other Income/Expense, Net
YoY Change
Pretax Income $5.283M
YoY Change -181.39%
Income Tax $142.0K
% Of Pretax Income 2.69%
Net Earnings $2.150M
YoY Change -608.27%
Net Earnings / Revenue 6.78%
Basic Earnings Per Share $1.32
Diluted Earnings Per Share $1.31
COMMON SHARES
Basic Shares Outstanding 1.950M 1.950M
Diluted Shares Outstanding 5.791M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.29M
YoY Change 7.04%
Cash & Equivalents $14.29M
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $65.90M
Other Receivables $11.08M
Total Short-Term Assets $91.27M
YoY Change -28.2%
LONG-TERM ASSETS
Property, Plant & Equipment $8.871M
YoY Change 10.13%
Goodwill $109.0K
YoY Change 0.0%
Intangibles $166.0K
YoY Change 0.0%
Long-Term Investments $26.15M
YoY Change 198.55%
Other Assets $3.545M
YoY Change 15.59%
Total Long-Term Assets $726.7M
YoY Change 7.84%
TOTAL ASSETS
Total Short-Term Assets $91.27M
Total Long-Term Assets $726.7M
Total Assets $818.0M
YoY Change 2.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.30M
YoY Change -58.53%
Accrued Expenses $35.59M
YoY Change 26.81%
Deferred Revenue
YoY Change
Short-Term Debt $592.2M
YoY Change 11.34%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $682.5M
YoY Change -1.22%
LONG-TERM LIABILITIES
Long-Term Debt $34.85M
YoY Change -6.68%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $34.85M
YoY Change -6.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $682.5M
Total Long-Term Liabilities $34.85M
Total Liabilities $717.4M
YoY Change -1.5%
SHAREHOLDERS EQUITY
Retained Earnings -$31.66M
YoY Change -12.51%
Common Stock $19.00K
YoY Change 5.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.77M
YoY Change
Total Liabilities & Shareholders Equity $818.0M
YoY Change 2.12%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $2.150M
YoY Change -608.27%
Depreciation, Depletion And Amortization $144.0K
YoY Change 2.86%
Cash From Operating Activities $4.112M
YoY Change -906.27%
INVESTING ACTIVITIES
Capital Expenditures $315.0K
YoY Change 284.15%
Acquisitions
YoY Change
Other Investing Activities $4.654M
YoY Change -19.48%
Cash From Investing Activities $4.339M
YoY Change -23.85%
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
YoY Change 1.04%
NET CHANGE
Cash From Operating Activities 4.112M
Cash From Investing Activities 4.339M
Cash From Financing Activities -3.900M
Net Change In Cash 4.551M
YoY Change 242.7%
FREE CASH FLOW
Cash From Operating Activities $4.112M
Capital Expenditures $315.0K
Free Cash Flow $3.797M
YoY Change -741.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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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;"> September 30, 2024</em><span style="background-color:#ffffff;">, th</span>e Company <span style="background-color:#ffffff;">had $2.4 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 consolidated 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:c119495157">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, Small Business Administration ("SBA") loans, 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> <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, (c) underwriting, and (d) 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>
CY2024Q3 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
2400000000 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;">nine</em> months ended <em style="font: inherit;"> September 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 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 style="font: inherit;">three</em> and <em style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 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 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>
CY2024Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
43559000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
37474000 usd
CY2024Q3 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
5395000 usd
CY2023Q3 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
3250000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
12057000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
13967000 usd
CY2024Q3 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-482000 usd
CY2023Q3 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
693000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
4246000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-1581000 usd
CY2024Q3 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
4913000 usd
CY2023Q3 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
3943000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
16303000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
12386000 usd
CY2024Q3 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
839000 usd
CY2023Q3 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
1232000 usd
us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
3349000 usd
us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
2885000 usd
CY2024Q3 cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
9178000 usd
CY2023Q3 cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
8115000 usd
cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
28365000 usd
cohn Interest Income From Repurchase Agreements
InterestIncomeFromRepurchaseAgreements
20647000 usd
CY2024Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
10017000 usd
CY2023Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9347000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31714000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
23532000 usd
CY2024Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
8372000 usd
CY2023Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
7214000 usd
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
25707000 usd
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
18299000 usd
CY2024Q3 us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
779000 usd
CY2023Q3 us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
1744000 usd
us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
3182000 usd
us-gaap Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase
InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase
4610000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
9151000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
8958000 usd
us-gaap Interest Expense
InterestExpense
28889000 usd
us-gaap Interest Expense
InterestExpense
22909000 usd
CY2024Q3 cohn Other Trading Revenue
OtherTradingRevenue
3037000 usd
CY2023Q3 cohn Other Trading Revenue
OtherTradingRevenue
3159000 usd
cohn Other Trading Revenue
OtherTradingRevenue
8334000 usd
cohn Other Trading Revenue
OtherTradingRevenue
10108000 usd
CY2024Q3 cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
8816000 usd
CY2023Q3 cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
7491000 usd
cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
27462000 usd
cohn Interest Income Expense Including Unrealized Gains And Losses
InterestIncomeExpenseIncludingUnrealizedGainsAndLosses
23117000 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;">September 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;">1,293</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);">63,422</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);">64,965</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;">September 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);">53,674</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);">53,674</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>
CY2024Q3 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
CY2024Q3 cohn Receivables From Unsettled Regular Way Trades Net
ReceivablesFromUnsettledRegularWayTradesNet
1293000 usd
CY2023Q4 cohn Receivables From Unsettled Regular Way Trades Net
ReceivablesFromUnsettledRegularWayTradesNet
1527000 usd
CY2024Q3 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
63422000 usd
CY2023Q4 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
65024000 usd
CY2024Q3 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
64965000 usd
CY2023Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
66801000 usd
CY2024Q3 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
53674000 usd
CY2023Q4 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
111085000 usd
CY2024Q3 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
53674000 usd
CY2023Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
111085000 usd
CY2024Q3 us-gaap Trading Securities
TradingSecurities
103617000 usd
CY2023Q4 us-gaap Trading Securities
TradingSecurities
181328000 usd
CY2024Q3 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
43446000 usd
CY2023Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
65751000 usd
CY2024Q3 cohn Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
39761000 usd
CY2023Q4 cohn Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
72217000 usd
CY2024Q3 cohn Other Investment Sold Not Yet Purchased
OtherInvestmentSoldNotYetPurchased
2719000 usd
CY2023Q4 cohn Other Investment Sold Not Yet Purchased
OtherInvestmentSoldNotYetPurchased
24742000 usd
CY2024Q3 cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-10644000 usd
CY2023Q3 cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-24981000 usd
cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-58704000 usd
cohn Other Investment Sold Gain Loss Fair Value
OtherInvestmentSoldGainLossFairValue
-38960000 usd
CY2024Q3 cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
7591000 usd
CY2023Q3 cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
25218000 usd
cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
28590000 usd
cohn Other Investment Sold Not Yet Purchased Gain Loss
OtherInvestmentSoldNotYetPurchasedGainLoss
48269000 usd
CY2024Q3 us-gaap Alternative Investment
AlternativeInvestment
7642000 usd
CY2023Q4 us-gaap Alternative Investment
AlternativeInvestment
7890000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
845000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-22447000 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
6031000 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
28117000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
24323000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
53600000 usd
CY2024Q3 cohn Share Forward Arrangements Asset Liability Fair Value
ShareForwardArrangementsAssetLiabilityFairValue
856000 usd
CY2023Q4 cohn Share Forward Arrangements Asset Liability Fair Value
ShareForwardArrangementsAssetLiabilityFairValue
9159000 usd
CY2024Q3 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
543783000 usd
CY2023Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
408408000 usd
CY2024Q3 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
550846000 usd
CY2023Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
415057000 usd
CY2024Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
545993000 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
408203000 usd
CY2024Q3 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
550846000 usd
CY2023Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
415057000 usd
CY2024Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
545993000 usd
CY2024Q3 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
543783000 usd
srt Securities Sold Under Agreements To Repurchase Average Rate Paid
SecuritiesSoldUnderAgreementsToRepurchaseAverageRatePaid
0.0585 pure
cohn Securities Purchased Under Agreements To Resell Average Rate
SecuritiesPurchasedUnderAgreementsToResellAverageRate
0.0645 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
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
14241000 usd
cohn Payments To Acquire Equity Method Investments Including Noncash Transfer
PaymentsToAcquireEquityMethodInvestmentsIncludingNoncashTransfer
193000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
978000 usd
cohn Equity Method Investment Amount Reclasses To From Investment
EquityMethodInvestmentAmountReclassesToFromInvestment
-9669000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
22366000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
26153000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
8929000 usd
cohn Payments To Acquire Equity Method Investments Including Noncash Transfer
PaymentsToAcquireEquityMethodInvestmentsIncludingNoncashTransfer
1806000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5000 usd
cohn Equity Method Investment Amount Reclasses To From Investment
EquityMethodInvestmentAmountReclassesToFromInvestment
-362000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1608000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
8760000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0495 pure
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
502000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1930000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1674000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1695000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1708000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1304000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8813000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1037000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
7776000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1693000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2017000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
22000 usd
us-gaap Sublease Income
SubleaseIncome
68000 usd
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
687000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1969000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
23000 usd
us-gaap Sublease Income
SubleaseIncome
71000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
638000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1902000 usd
CY2024Q3 cohn Asset Managements Fees Receivable
AssetManagementsFeesReceivable
2157000 usd
CY2023Q4 cohn Asset Managements Fees Receivable
AssetManagementsFeesReceivable
1085000 usd
CY2024Q3 cohn New Issue Fee Receivable
NewIssueFeeReceivable
5703000 usd
CY2023Q4 cohn New Issue Fee Receivable
NewIssueFeeReceivable
1181000 usd
CY2024Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
892000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
1689000 usd
CY2024Q3 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
998000 usd
CY2023Q4 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
321000 usd
CY2024Q3 cohn Agency Repo Income Receivable
AgencyRepoIncomeReceivable
447000 usd
CY2023Q4 cohn Agency Repo Income Receivable
AgencyRepoIncomeReceivable
391000 usd
CY2024Q3 cohn Other Miscellaneous Receivables
OtherMiscellaneousReceivables
882000 usd
CY2023Q4 cohn Other Miscellaneous Receivables
OtherMiscellaneousReceivables
706000 usd
CY2024Q3 us-gaap Other Receivables
OtherReceivables
11079000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
5373000 usd
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1860000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1328000 usd
CY2024Q3 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
235000 usd
CY2024Q3 us-gaap Security Deposit
SecurityDeposit
740000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
730000 usd
CY2024Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
166000 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
166000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
4444000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
3741000 usd
CY2024Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
626000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1180000 usd
CY2024Q3 cohn Redeemable Financial Instruments Accrued Interest
RedeemableFinancialInstrumentsAccruedInterest
0 usd
CY2023Q4 cohn Redeemable Financial Instruments Accrued Interest
RedeemableFinancialInstrumentsAccruedInterest
90000 usd
CY2024Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
488000 usd
CY2023Q4 us-gaap Accrued Income Taxes
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