Cohen & Co Inc. 2Q 2026: Revenue $69.5M, EPS $0.94— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Cohen & Co Inc. reported Q2 2026 revenue of $69.5M, up 16% YoY, and diluted EPS of $0.94, up 16%. Net income surged 154% to $3.57M. Growth was driven by a 55% rise in investment banking revenue, improved net trading activity, and stable asset-management fees. Key highlights include significant advisory shifts toward CCM and notable SPAC sponsorship activities.
Cohen & Co Inc. reported second-quarter 2026 results with revenue of $69.5M and diluted EPS of $0.94, driven by strength in investment banking, trading and mortgage operations and continued asset-management fee stability versus the prior-year quarter.
Financial Highlights
- Revenue was $69.5M for 2Q 2026, up from $59.9M in 2Q 2025; YoY change 16%.
- Net income attributable to Cohen & Company Inc. was $3.57M for 2Q 2026, versus $1.41M in 2Q 2025; YoY change 154%.
- Diluted earnings per share was $0.94 for 2Q 2026, compared with $0.81 in 2Q 2025; YoY change 16%.
Business Highlights
- Revenue growth was led by investment banking and new-issue revenue, which rose 55% year-to-date and helped lift total revenues 44% YTD.
- Advisory and underwriting activity shifted materially toward CCM, including deals with non-cash consideration that boosted the firm's fee mix.
- Net trading activity improved 36% YTD, supported by gestation repo, CMOs and SPAC-related equity positions.
- Asset-management momentum continued with diversified AUM across Pride funds, a U.S. insurance joint venture and CREO JV; management fees remained stable despite some AUM fluctuations.
- SPAC sponsorships and principal-investment activity were notable, including a completed Columbus Circle I de-SPAC and an announced Columbus Circle II transaction.
Original SEC Filing: Cohen & Co Inc. [ COHN ] - 10-Q - Aug. 03, 2026
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