Cohen & Company Inc. (NYSE American: COHN) reported financial results for the third quarter ended September 30, 2026, in a press release dated November 12, 2026. The company also announced that Daniel G. Cohen, the company's Executive Chairman, has been appointed Chief Executive Officer.
For the three months ended September 30, 2026, the company reported total revenues of $32.4 million. Investment banking and new issue revenue was $12.7 million, a decrease from the prior quarter and prior year. The company noted that this decline was unfavorably impacted by more than $17 million of mark-to-market adjustments in the investment banking and new issue revenue line. Net trading revenue was $12.5 million, and the gestation repo book of business grew to an all-time high of $4.5 billion during the quarter.
Net income attributable to Cohen & Company Inc. was $6.7 million, or $0.12 per diluted share. Adjusted pre-tax income was $0.6 million, or $0.10 per diluted share. The company reported total equity of $119.6 million as of September 30, 2026, excluding non-convertible non-controlling interest, which was an increase from $102.6 million as of December 31, 2025.
The company’s Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable on December 14, 2026, to stockholders of record as of November 30, 2026.
