Cohen & Company Inc

Cohen & Company reported second-quarter 2026 net income attributable to shareholders of $3.6 million, or $0.94 per fully diluted share, up from $1.5 million, or $0.42 per share, in the prior quarter. Investment banking and new issue revenue rose to $54 million from $45.7 million, driven by strong performance at its boutique investment bank Cohen & Company Capital Markets, which closed five SPAC IPOs and a number of de-SPAC transactions during the quarter. The company also highlighted sponsor SPAC milestones, including a definitive business combination agreement between Columbus Circle Capital II and Elroy Air Inc. signed on June 26, and the $230 million IPO of Columbus Circle Capital III completed on July 9. Management anticipates the Columbus Circle Capital II business combination will close in the fourth quarter of 2026, while noting that final founder-share allocations remain dependent on deal completion. The company declared a quarterly dividend of $0.25 per share, payable on September 2 to stockholders of record as of August 19, and reported total equity of $109.3 million and consolidated corporate indebtedness of $28.8 million at quarter-end.