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Cohen & Company Inc. (COHN) 10-Year Financial Performance & Capital Metrics

COHN • • Banking & Credit
Financial ServicesCapital MarketsInvestment Banking & AdvisoryBoutique Advisory Firms
AboutCohen & Company Inc. is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc. also manages funds and collateralized debt obligations for its clients. It invests in the fixed income and alternative investment markets across the globe. The firm's fixed income investments include U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage backed securities, and asset backed securities. The firm was formerly known as Institutional Financial Markets, Inc. Cohen & Company Inc. was founded in 1999 and is based in Philadelphia, Pennsylvania with additional offices in New York City; Boca Raton, Florida; Chicago, Illinois; Bethesda, Maryland; Boston, Massachusetts; Paris, France; and London, United Kingdom.Show more
  • Net Interest Income -$6M +10.8%
  • Total Revenue $80M -4.1%
  • Net Income -$129K +97.5%
  • Return on Equity -0.14% +97.4%
  • Net Interest Margin -0.6% +29.0%
  • Efficiency Ratio 39.24% +35.5%
  • ROA -0.01% +97.6%
  • Equity / Assets 9.3% -21.7%
  • Book Value per Share 15.91 -73.8%
  • Tangible BV/Share 15.86 -73.8%
  • Debt/Equity 1.31 -19.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 39.2% efficiency ratio
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Weak NIM of -0.6%
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.63%
5Y9.89%
3Y-18.38%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-31.31%

EPS CAGR

10Y-
5Y-
3Y-
TTM-20.78%

ROCE

10Y Avg3.2%
5Y Avg4%
3Y Avg-0.44%
Latest-0.93%

Peer Comparison

Boutique Advisory Firms
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Size & Scale
Valuation
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MCMoelis & Company5.75B77.7543.6839.75%11.39%37.92%7.22%0.47
EVREvercore Inc.14.82B383.1242.1922.67%12.62%25.34%6.47%0.48
PJTPJT Partners Inc.4.54B186.6737.9429.48%9%19.14%11.63%0.39
PIPRPiper Sandler Companies6.23B374.5036.5713.08%12.23%16.16%4.78%0.07
HLIHoulihan Lokey, Inc.10.35B189.7832.6124.81%16.73%18.98%7.82%0.20
LAZLazard Ltd5.1B53.7520.0620.98%9.07%28.55%13.67%2.87
MDBHMDB Capital Holdings, LLC Class A common18.63M3.631.37-47.54%5.27%19.16%0.01
WAITop KingWin Ltd3.63M2.18-0.22-31.16%-231.43%-40.27%0.07

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-3.92M-4.74M-6.18M-8.49M-7.58M-9.59M-7.23M-4.98M-6.53M-5.82M
NII Growth %0.11%-0.21%-0.3%-0.37%0.11%-0.26%0.25%0.31%-0.31%0.11%
Net Interest Margin %----------
Interest Income00034K000000
Interest Expense3.92M4.74M6.18M8.52M7.58M9.59M7.23M4.98M6.53M5.82M
Loan Loss Provision24.11M26.4M16.35M16.86M18.39M50.31M77.81M45.31M45.57M50.57M
Non-Interest Income+46.16M55.35M47.54M49.35M49.67M130.11M146.37M44.39M82.98M79.6M
Non-Interest Income %----------
Total Revenue+46.16M55.35M47.54M49.39M49.67M130.11M146.37M44.39M82.98M79.6M
Revenue Growth %-0.17%0.2%-0.14%0.04%0.01%1.62%0.12%-0.7%0.87%-0.04%
Non-Interest Expense19.79M15.63M17.61M20.34M19.65M27.88M21.73M22.06M24.03M31.23M
Efficiency Ratio----------
Operating Income+-1.66M8.59M7.4M3.66M4.04M42.33M39.59M-27.96M6.86M-8.02M
Operating Margin %----------
Operating Income Growth %-6.77%6.17%-0.14%-0.51%0.1%9.47%-0.06%-1.71%1.25%-2.17%
Pretax Income+-5.58M3.85M1.22M-4.83M-4.1M29.78M70.5M-53.88M15.94M7.86M
Pretax Margin %----------
Income Tax+85K422K-1.21M-841K-523K-8.67M-3.54M4.79M5.54M-329K
Effective Tax Rate %----------
Net Income+-4.08M2.27M2.06M-2.46M-2.05M14.21M11.81M-13.39M-5.11M-129K
Net Margin %----------
Net Income Growth %-0.58%1.56%-0.09%-2.19%0.17%7.92%-0.17%-2.13%0.62%0.97%
Net Income (Continuing)-5.67M3.43M2.44M-3.99M-3.57M38.45M74.04M-58.67M10.4M8.19M
EPS (Diluted)+-2.031.901.60-1.46-2.137.667.83-9.43-3.38-0.08
EPS Growth %-0.6%1.94%-0.16%-1.91%-0.46%4.6%0.02%-2.2%0.64%0.98%
EPS (Basic)-2.761.901.71-1.46-3.1412.569.95-9.43-3.38-0.08
Diluted Shares Outstanding2.01M1.76M2.59M1.68M1.68M1.54M1.54M1.42M1.51M5.68M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks14.12M15.22M22.93M14.11M8.3M42M50.57M29.1M10.65M19.59M
Short Term Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Investments+109.64M165.49M215.4M315.02M326.51M314.98M309.78M240.97M244.16M180.23M
Investments Growth %-0.29%0.51%0.3%0.46%0.04%-0.04%-0.02%-0.22%0.01%-0.26%
Long-Term Investments14.88M8.3M12.87M13.77M18.66M72.02M87.19M33.82M73.42M36.74M
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+----------
Goodwill7.99M7.99M7.99M7.99M7.99M109K109K109K109K109K
Intangible Assets166K166K166K166K166K166K166K166K166K166K
PP&E (Net)566K498K392K1.13M7.16M6.06M11.73M11.12M8.82M17.52M
Other Assets748K-331K-1.57M471K6.93M2.66M18.85M7.94M20.51M26.88M
Total Current Assets280.83M540.67M2.01B5.63B7.96B6.06B3.53B826.97M668.15M887.48M
Total Non-Current Assets27.99M20.6M22.53M25.38M42.24M88.42M129.56M60.08M104.61M83.67M
Total Assets+308.82M561.27M2.04B5.65B8B6.15B3.66B887.05M772.76M971.15M
Asset Growth %0.04%0.82%2.63%1.78%0.42%-0.23%-0.41%-0.76%-0.13%0.26%
Return on Assets (ROA)-0.01%0.01%0%-0%-0%0%0%-0.01%-0.01%-0%
Accounts Payable494K326K2.25M6.18M362K162K122K4.13M1.18M812K
Total Debt+156.86M324.97M1.74B5.25B7.59B5.77B3.39B624.01M149.02M118.13M
Net Debt142.74M309.75M1.71B5.24B7.58B5.72B3.34B594.91M138.37M98.54M
Long-Term Debt28.95M29.52M44.18M43.54M257.3M47.1M204.29M160.77M140.8M101.56M
Short-Term Debt127.91M295.44M1.69B5.21B7.69M5.71B3.17B452.8M00
Other Liabilities42.8M89.98M113.03M142.82M-109.47M11.96M3.27B607.13M523.83M751.82M
Total Current Liabilities187.1M390.87M1.83B5.42B7.8B5.92B22.82M14.68M8.12M10.91M
Total Non-Current Liabilities75.55M123.64M160.06M188.38M156.87M65.59M3.48B778.35M672.85M869.95M
Total Liabilities262.65M514.51M1.99B5.61B7.95B6.05B3.5B793.03M680.96M880.87M
Total Equity+46.18M46.76M48.16M42.44M48.76M101.44M151.43M94.03M91.8M90.28M
Equity Growth %-0.18%0.01%0.03%-0.12%0.15%1.08%0.49%-0.38%-0.02%-0.02%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-0.08%0.05%0.04%-0.05%-0.05%0.19%0.09%-0.11%-0.06%-0%
Book Value per Share22.9626.5218.5825.2029.0065.9598.4666.2060.6515.91
Tangible BV per Share----------
Common Stock13K12K12K12K12K13K17K17K19K20K
Additional Paid-in Capital71.57M69.42M69.2M68.59M68.71M65.03M72.01M72.8M74.59M76.7M
Retained Earnings-30.89M-29.58M-28.5M-31.93M-34.52M-20.34M-9.2M-25.15M-32.01M-34.02M
Accumulated OCI-939K-1.07M-850K-908K-915K-821K-905K-955K-944K-1.01M
Treasury Stock0000000000
Preferred Stock5K5K5K5K27K27K27K27K27K27K

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-4.15M-8.73M-11.92M-7M-15.46M41.44M18.32M-23.49M-39.66M9.47M
Operating CF Growth %-2.01%-1.1%-0.36%0.41%-1.21%3.68%-0.56%-2.28%-0.69%1.24%
Net Income-5.67M3.43M2.44M-3.99M-3.57M38.45M72.11M-58.67M-5.11M8.19M
Depreciation & Amortization733K291K249K261K318K334K371K557K563K556K
Deferred Taxes-84K330K-1.28M-838K-678K-8.88M-2.07M4.58M5.35M-677K
Other Non-Cash Items2.5M-661K243K-3.22M-403K-33.03M-73.53M44.75M-114.84M-13.1M
Working Capital Changes-2.83M-13.29M-14.3M161K-11.87M32M5.72M-19.1M69.98M9.84M
Cash from Investing+11.87M7.95M-3.9M2.16M3.73M-11.95M-22.53M13.8M38.12M16.51M
Purchase of Investments-11K-237K-7.16M-26.86M-1.93M-74.8M-182.2M-13.24M-91.53M-62.08M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity----------
Acquisitions0000-4.35M-12.68M-8.14M-2.61M00
Other Investing000000077K195K790K
Cash from Financing+-5.62M2.27M23.12M-3.72M5.94M3.79M13.16M-11.5M-17.11M-16.72M
Dividends Paid-1.19M-954K-985K-966K-519K-27K-671K-2.56M-1.75M-1.87M
Share Repurchases-4M-2.33M-572K-769K-299K-2.14M-857K000
Stock Issued0000009.08M00154K
Net Stock Activity----------
Debt Issuance (Net)001000K-1000K1000K-1000K-1000K00-1000K
Other Financing-427K5.55M9.68M-526K1.98M8.46M8.01M-8.95M-15.36M-12.43M
Net Change in Cash+1.86M1.1M7.72M-8.83M-5.8M33.69M8.57M-21.47M-18.45M8.94M
Exchange Rate Effect-237K-387K411K-262K-9K416K-377K-272K191K-324K
Cash at Beginning12.25M14.12M15.22M22.93M14.11M8.3M42M50.57M29.1M10.65M
Cash at End14.12M15.22M22.93M14.11M8.3M42M50.57M29.1M10.65M19.59M
Interest Paid0000000000
Income Taxes Paid0000000000
Free Cash Flow+-4.3M-8.95M-12.06M-8M-15.56M41.22M17.29M-24.06M-40.03M8.23M
FCF Growth %-2.09%-1.08%-0.35%0.34%-0.95%3.65%-0.58%-2.39%-0.66%1.21%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-7.95%4.88%4.35%-5.44%-4.5%18.92%9.34%-10.91%-5.5%-0.14%
Return on Assets (ROA)-1.35%0.52%0.16%-0.06%-0.03%0.2%0.24%-0.59%-0.62%-0.01%
Net Interest Margin-1.27%-0.84%-0.3%-0.15%-0.09%-0.16%-0.2%-0.56%-0.84%-0.6%
Efficiency Ratio42.87%28.24%37.05%41.19%39.57%21.43%14.84%49.7%28.96%39.24%
Equity / Assets14.95%8.33%2.36%0.75%0.61%1.65%4.14%10.6%11.88%9.3%
Book Value / Share22.9626.5218.5825.22965.9598.4666.260.6515.91
NII Growth10.88%-20.73%-30.48%-37.37%10.64%-26.44%24.57%31.12%-30.99%10.8%
Dividend Payout-42.08%47.72%--0.19%5.68%---

Revenue by Segment

2015201620172018201920202021202220232024
New Issue and Advisory-----2.23M28.74M24.72M28.26M63.42M
New Issue and Advisory Growth------1186.30%-13.97%14.33%124.39%
Asset Management----7.56M8.76M10.92M9M7.34M9.01M
Asset Management Growth-----15.86%24.71%-17.57%-18.51%22.79%
Net Trading----38.17M-----
Net Trading Growth----------
New Issue And Advisor----1.83M-----
New Issue And Advisor Growth----------
Capital Markets34.64M42.21M33.25M32.32M------
Capital Markets Growth-21.86%-21.21%-2.82%------
Asset Management13.25M11.52M13.52M13.21M------
Asset Management Growth--13.06%17.34%-2.23%------
Principal Investing-1.73M1.62M772K3.86M------
Principal Investing Growth-193.65%-52.38%399.48%------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES---------72.57M
UNITED STATES Growth----------
Europe and Other---------7.03M
Europe and Other Growth----------
U39.52M49M38.86M43.31M43.77M-----
U Growth-23.97%-20.68%11.44%1.07%-----
Europe6.63M6.35M8.68M6.08M5.89M-----
Europe Growth--4.24%36.66%-29.98%-3.01%-----

Frequently Asked Questions

Growth & Financials

Cohen & Company Inc. (COHN) saw revenue decline by 4.1% over the past year.

Yes, Cohen & Company Inc. (COHN) is profitable, generating $4.4M in net income for fiscal year 2024 (-0.2% net margin).

Dividend & Returns

Yes, Cohen & Company Inc. (COHN) pays a dividend with a yield of 1.66%. This makes it attractive for income-focused investors.

Cohen & Company Inc. (COHN) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Cohen & Company Inc. (COHN) has a net interest margin (NIM) of -0.6%. NIM has been under pressure due to interest rate environment.

Cohen & Company Inc. (COHN) has an efficiency ratio of 39.2%. This is excellent, indicating strong cost control.

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