COHN News & Events

Cohen & Company's Board of Directors has declared a special cash dividend of $2.00 per share, payable on January 22, 2026, to stockholders of record as of January 7, 2026.

CEO Lester Brafman concluded, "Based on what we have seen in trading revenue and our CCM pipeline thus far, we believe that we will generate more than $50 million in revenue in the fourth quarter and more than $220 million in revenue for full year 2025. We remain confident in our future earnings potential and are committed to driving long-term, sustainable value for our stockholders, including through quarterly dividends."

Reports Q3 revenue $84.2M vs. $31.7M last year. Lester Brafman, Chief Executive Officer of Cohen & Company, said, "Our third quarter results were driven by continued strong performance from our full-service boutique investment banking division, Cohen & Company Capital Markets. During the quarter, CCM generated $68.6 million of net revenue, comprised of $228.0 million in advisory revenue across 18 clients, partially offset by negative principal transactions revenue of $159.4 million from investment assets received as CCM client consideration. Supported by its strong pipeline of transactions, CCM is well positioned to deliver an exceptional performance through the end of the year and enter 2026 with significant momentum. Going forward we will continue to focus on being the advisor of choice to the growth and frontier technology sectors of the economy. In addition, the declining interest rate environment has bolstered our trading revenue, which was up 26% in the third quarter from the previous quarter, with increased revenue across most of our trading desks. We expect this trend will continue, providing additional opportunities to enhance net trading revenue."

Reports Q2 revenue $59.871M vs $10.798M last year. Lester Brafman, Chief Executive Officer of Cohen & Company, said, "We are pleased with our second quarter results, which were driven by a strong performance from our full-service boutique investment banking operation, Cohen & Company Capital Markets ("CCM"). During the quarter, CCM generated $37.4 million in new issue and advisory revenue across 25 clients and is entering the second half of the year with strong momentum and a robust pipeline. In June 2025, our sponsored SPAC, Columbus Circle Capital Corp I, entered into a business combination agreement with ProCap BTC, a bitcoin-native financial services firm. As sponsor, we retained 2.1 million founder shares. Upon closing, which is expected to occur by the end of the year, the combined company will operate as ProCap Financial, Inc., and hold up to $1 billion in bitcoin on its balance sheet."