Cohen & Company Inc. (COHN) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.916 Good morning, ladies and gentlemen, and welcome to Cohen and Company's fourth quarter 00:00:04.916 -- 00:00:10.022 2025 earnings conference call. My name is Robert, and I'll be your operator 00:00:10.022 -- 00:00:11.543 today. 00:00:11.543 -- 00:00:15.628 Before we begin, Cohen and Company would like to remind everyone that some of the statements 00:00:15.628 -- 00:00:20.813 the company makes during this call may contain forward-looking statements under applicable 00:00:20.813 -- 00:00:25.479 security laws. These statements may involve risk and uncertainties that could cause the 00:00:25.479 -- 00:00:30.544 company's actual results to differ materially from the results discussed in 00:00:30.544 -- 00:00:32.926 such forward-looking statements. 00:00:32.926 -- 00:00:36.870 The forward-looking statements made during this call are made only as of the date of 00:00:36.870 -- 00:00:42.215 this call and the company undertakes no obligation to update such statements to reflect 00:00:42.215 -- 00:00:45.939 subsequent events or circumstances. 00:00:45.939 -- 00:00:49.562 Cohen and Company advise you to read the questionnaire note regarding forward-looking 00:00:49.562 -- 00:00:54.968 statements in its earnings released and its most recent annual report on Form 10-K 00:00:54.968 -- 00:00:57.338 filed with the SEC. 00:00:57.338 -- 00:01:01.663 Earlier today, Cohen and Company issued a press release announcing fourth quarter and 00:01:01.663 -- 00:01:06.789 full year 2025 financial results. Today's discussion is 00:01:06.789 -- 00:01:12.015 complementary to that press release, which is available on the company's website at 00:01:12.015 -- 00:01:14.916 Cohen, C-O-H-E-N-A-N-D, 00:01:15.760 -- 00:01:18.300 company, C-O-M-P-A-N-Y.com. 00:01:19.784 ...