SHARPE
Reported results
- Q3 2026 net income GAAP: $3,100,000 ($0.18 per diluted share) vs. Q3 2025 $2,544,000 ($0.15 per diluted share)
- Nine months 2026 net income GAAP: $7,632,000 ($0.45 per diluted share) vs. nine months 2025 $4,170,000 ($0.25 per diluted share)
- Net interest margin improved 14 basis points to 3.41% in Q3 2026 and 21 basis points to 3.34% for nine months 2026 vs. prior year periods
- Provision for credit losses recovery of $3,000 in Q3 2026 vs. $360,000 provision in Q3 2025; nine-month recovery of $80,000 vs. $3,400,000 provision in 2025
- Total non-interest income increased $117,000 (2.7%) in Q3 2026 and $434,000 (3.4%) for nine months 2026 driven by wealth management fee increases of $595,000 and $903,000 respectively
- Total assets of $1,447,826,000 at September 30, 2026; shareholders’ equity of $122,023,000 with tangible book value per share (non-GAAP) of $6.38
Guidance
- Management believes the favorable net interest margin performance experienced in the first nine months of 2026 will continue into the fourth quarter
Notes
The release contains non-GAAP measures including return on average tangible common equity, tangible common equity ratio, and tangible book value per share. A $2.8 million loan charge-off occurred in Q2 2025 related to the company’s largest non-performing loan. Subordinated debt repriced from 3.75% fixed rate to 6.94% floating rate (311 basis points over three-month SOFR) effective September 1, 2026, increasing Q3 interest expense by $72,000.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.