Cohen & Company Inc. (COHN) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.515 Good morning, ladies and gentlemen, and welcome to Cohen & Company's first quarter 2026 00:00:04.515 -- 00:00:10.161 earnings call. My name is Carrie, and I'll be your operator for today. 00:00:10.161 -- 00:00:14.746 Before we begin, Cohen & Company would like to remind everyone that some of the statements 00:00:14.746 -- 00:00:19.470 the company makes during the call may contain forward-looking statements under applicable 00:00:19.470 -- 00:00:24.675 securities laws. These statements may involve risks and uncertainties that could cause 00:00:24.675 -- 00:00:29.884 the company's actual results to differ materially from the results discussed in such 00:00:29.884 -- 00:00:32.247 forward-looking statements. 00:00:32.247 -- 00:00:35.912 The forward-looking statements made during this call are made only as of the date of 00:00:35.912 -- 00:00:41.379 this call, and the company undertakes no obligation to update such statements 00:00:41.379 -- 00:00:45.221 to reflect subsequent events or circumstances. 00:00:45.544 -- 00:00:49.910 The founding company advises you to read the cautionary note regarding forward-looking 00:00:49.910 -- 00:00:55.377 statements in its earnings release and in its most recent annual report on 00:00:55.377 -- 00:00:59.159 Form 10-K filed with the SEC. 00:00:59.465 -- 00:01:04.731 Earlier today, Cohen & Company issued a press release announcing first quarter 2026 00:01:04.731 -- 00:01:10.358 financial results. Today's discussion is complementary to that press release, 00:01:10.358 -- 00:01:15.342 which is available on the company's website at cohenandcompany.com. 00:01:16.285 -- 00:01:20.750 This conference call is being recorded, and a replay of it will be available for three 00:01:20.750 -- 00:01:25.394 days, beg...