Cohen & Co Inc. Leases Disclosure
14. LEASES
As of December 31, 2025, all of the leases to which the Company was a party were operating leases. The weighted average remaining term of the leases was 8.3 years. The weighted average discount rate for the leases was 6.04%. Maturities of operating lease liability payments consisted of the following.
| FUTURE MATURITY OF LEASE LIABILITIES |
| (Dollars in Thousands) |
| December 31, 2025 | ||||
| 2026 | $ | 2,876 | ||
| 2027 | 2,916 | |||
| 2028 | 2,826 | |||
| 2029 | 2,518 | |||
| 2030 | 2,100 | |||
| Thereafter | 8,516 | |||
| Total | 21,752 | |||
| Less imputed interest | (4,793 | ) | ||
| Lease obligation | $ | 16,959 | ||
During the twelve months ended December 31, 2025 and 2024, total cash payments of $2,194 and $1,948, respectively, were recorded as a reduction in the operating lease obligation. No cash payments were made to acquire right of use assets.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 12, 2025 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.