SHARPE
Reported results
- Net income of $116.1 million, or $1.73 per diluted share (GAAP)
- Net interest income on a tax-equivalent basis of $258.6 million, up $5.2 million or 2.0% from Q2 2026
- Net interest margin of 3.87%, down 1 basis point from Q2 2026 and up 7 basis points from Q3 2025
- Return on average assets of 1.61% (GAAP)
- Adjusted return on average tangible common equity of 15.00% (non-GAAP)
- Efficiency ratio of 49.32% (GAAP); adjusted efficiency ratio of 49.15% (non-GAAP)
Notes
The company authorized a new $200.0 million share repurchase program on October 16, 2026, continuing its previous program under which it had repurchased $134.6 million in the past 12 months. Nine-month 2026 net income of $278.0 million ($4.13 per diluted share) compares to $303.8 million ($4.41 per diluted share) for nine months ended September 30, 2025. Q2 2026 results included a litigation expense accrual of $80.8 million that was not repeated in Q3 2026.
Price and volatility reaction
The stock moved +0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -10.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 82.37 | 2026-10-22 |
| Close after release | 82.63 | 2026-10-23 |
| Realised move | +0.3% | close to close |
| 30d ATM IV change | -10.9 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.