Cohen & Company Inc. · AMEX:COHN
Cohen & — Investor Presentation (May 2026)
21 slides from Cohen &'s investor presentation, May 26, 2026
Slide 1: Cohen & Company Inc.
Cohen & Company Inc. Specializing in an expanding range of capital markets activities, capitalizing on opportunities outside the bulge bracket Wall Street banking model. Company Presentation | May 26, 2026 For informational purposes only. This presentation does not constitute an offer to sell or sol
Slide 2: Notices & Disclaimers
Notices & Disclaimers This informational material (this “Material”) has been prepared solely by Cohen & Company Inc. (NYSE American: COHN) (“Cohen”). The Material is solely intended for informational and illustrative purposes to provide a general overview of certain aspects of Cohen’s business. This
Slide 3: Notices & Disclaimers (cont.)
Notices & Disclaimers (cont.) This Material contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements (including observations about markets, industry and regulatory trends as of the original date of this document) involve significant risk
Slide 4: Diversified Revenue Sources
C&Co. Diversified Revenue Sources Cohen & Company Inc.1 (“C&Co.”) operates across 3 segments – Capital $276M Markets, Asset Management, and Principal Investing. $32M Capital Markets contributes the majority of C&Co. revenue, primarily from $9M our Investment Banking and Sales & Trading activities. $
Slide 5: Firm History & Key Milestones
C&Co. Firm History & Key Milestones Mid 2000s 2011/2012 2021 2024 2026 Cohen & Company Inc. C&Co. acquires JVB Financial C&Co. adds senior leaders C&Co. adds senior C&Co. expands dedicated becomes a leading Holdings, LLC, a dynamic Sales & to its Investment Banking leaders to strengthen frontier ind
Slide 6: Investment Banking
1 Investment Banking For informational purposes only. This presentation does not constitute an offer to sell or solicitation of an offer to buy any security. Please review the important disclosures and forward-looking statements notice on pages 2 and 3.
Slide 7: Frontier Investment Banking Platform
Investment Banking Frontier Investment Banking Platform Capital Markets Strategic capital markets advisory for complex transactions, backed by deep institutional relationships. 191 Transactions Announced or Closed since 2021 IPO Execution Private Placements PIPEs Convertible Debt Debt & Restructurin
Slide 8: Robust Transaction History
Investment Banking Robust Transaction History Diversified Across Industry Transaction Type1 Industry Type1 Coverage and Products 2.1% Mining / Natural Resources 8.9% 16.2% 8.9% Automobility Capital Raises AI / Software Broad sector coverage across emerging and established industries. 23.0% 24.6% Cle
Slide 9: IPO Relationships Begin Long-Term Client Engagement
Investment Banking IPO Relationships Begin Long-Term Client Engagement Initial Public Offerings 1 2 Strategic Combination / Advisory 65 $13.6B 95 $81.6B Strategic Combinations Total Announced Strategic IPOs Completed Total IPO Value Completed or Announced Combination Value 2025 2025 2025 2025 2026 2
Slide 10: 2025 Market Leader in Core Segments
Investment Banking 2025 Market Leader in Core Segments… 2025 SPAC IPOs Priced 1 2025 Announced and Closed De-SPACs 2 Total PIPE Capital Raised in 2025 ($M) 2 31 14 16 $2,764 29 3 10 $1,047 20 2 7 $610 18 1 5 $275 9 1 3 $275 8 1 3 $261 6 1 2 $240 5 1 2 $186 5 1 1 $157 5 2 $112 CCM served as Lead Left
Slide 11: With Continued Momentum in 2026
Investment Banking …With Continued Momentum in 2026 2026 SPAC IPOs Priced 1 2026 Announced and Closed De-SPACs 2 Select CCM Transactions in 2026 Announced Announced Closed 4 7 April 2026 April 2026 March 2026 14 $405M Combination with $3.1B Combination with 10 2 4 $571M Combination with Constellatio
Slide 12: Notable M&A Transactions as a Trusted Advisor
Investment Banking Notable M&A Transactions as a Trusted Advisor Total Announced or Closed Transactions across Sellside & Buyside M&A since 2021 Aggregated Advised Deal Value since 2021 95 $81.6B+ Announced Announced Announced Announced Announced May 2026 March 2026 $1.5B in Pro-Forma Equity $1.3B C
Slide 13: Roadmap for Investment Banking Growth
Investment Banking Roadmap for Investment Banking Growth Talent Deal Size Grow MD headcount to broaden coverage and product expertise. Increase average target Enterprise Value from ~$300M to $500M+. Further leverage established Capital Markets presence with Equity Leverage product and sector experti
Slide 14: Sales & Trading
2 Sales & Trading For informational purposes only. This presentation does not constitute an offer to sell or solicitation of an offer to buy any security. Please review the important disclosures and forward-looking statements notice on pages 2 and 3.
Slide 15: Differentiated Fixed Income & Equity Platforms
Sales & Trading Differentiated Fixed Income & Equity Platforms Fixed Income >2x Financing, advisory, sales and trading solutions for institutional clients across the fixed income markets. Growth in Institutional Accounts since Year End 2021 Mortgages Mortgage Originator Funding SBA Loans Government
Slide 16: Spotlight – Institutional Mortgage Funding Program
Sales & Trading Spotlight – Institutional Mortgage Funding Program Extraordinary Client Retention $3.9B Clients roll monthly positions continually as their source of short-term funding, often for many years. Each holds collateral in a dedicated, separate trust account. A specialized financing progra
Slide 17: Asset Management
3 Asset Management For informational purposes only. This presentation does not constitute an offer to sell or solicitation of an offer to buy any security. Please review the important disclosures and forward-looking statements notice on pages 2 and 3.
Slide 18: Specialty Private Credit and Insurance Offerings
Asset Management Specialty Private Credit and Insurance Offerings U.S. Platform Providing private credit to U.S. and Bermuda-domiciled insurers with limited access to capital markets and traditional $1.4B bank financing. AUM as of 12/31/20251 Senior, Subordinated & Surplus Notes Property & Casualty,
Slide 19: Summary Statistics
4 Summary Statistics For informational purposes only. This presentation does not constitute an offer to sell or solicitation of an offer to buy any security. Please review the important disclosures and forward-looking statements notice on pages 2 and 3.
Slide 20: Capital Structure Overview
Summary Statistics Capital Structure Overview Equity Composition1 Debt Detail ($M, face value)3 Senior Notes 2024 Note – Aug 2026 Tranche $2.6M 12.00% fixed Aug 2026 6.67M Junior Subordinated Notes3 Fully Diluted Alesco Capital Trust I $28.1M SOFR + 4.00% Jul 2037 Shares Sunset Financial Trust I $20
Slide 21: Summary Trading Overview: Snapshot as of 5/26/2026
Summary Statistics Summary Trading Overview: Snapshot as of 5/26/2026 Price & Trading COHN Overview Current price $11.28 Headquarters Philadelphia, PA Market cap $75.3M Enterprise value $107.0M Founded 1999 Shares out. (FD)1 6.67M 52-wk. range $7.78 - $32.60 Employees 129 30-day avg. volume 40,308 2