FX.co ★ Cohen & Co. Swings To Net Profit In Q1; Revenues Soar

The financial services firm, Cohen & Co. Inc. (COHN) announced their first quarter results on Monday. The company had a net income attributable to the company of $2.02 million, or $1.28 per share. This is a notable improvement from the previous year's first quarter, in which they reported a net loss of $2.64 million or $1.77 per share.

In terms of pre-tax income, the adjusted figure for the quarter stood at $7.7 million or $1.37 per share. This too was a distinct improvement from the prior year's same quarter, which showed an adjusted pre-tax loss of $9.6 million or $1.74 per share.

There was a remarkable surge in the total revenues for the quarter, reaching $18.56 million, up from $8.82 million in the same quarter of the previous year.

The Board of Directors at Cohen & Co. have also decided to issue a quarterly dividend of $0.25 per share. This will be paid out on June 5, 2024, to all stockholders who are on record as of May 20, 2024.