SHARPE
Reported results
- Net interest margin was 4.11% for Q3 2026, up 16 basis points from Q2 2026 (3.95%) and up 43 basis points from Q3 2025 (3.68%).
- Total loans increased $77.2 million, or 3.7%, to $2.2 billion at September 30, 2026.
- Total deposits increased $122.3 million, or 5.6%, to $2.3 billion with an average cost of deposits of 1.57%.
- Company sold $106.8 million of investment securities available-for-sale resulting in a $6.8 million loss; proceeds reinvested at weighted average yield of 5.01%, generating a 122 basis point yield improvement.
- Provision for credit losses was $843,000 for Q3 2026 compared to $5.2 million in Q2 2026 and $3.0 million in Q3 2025.
- Total Capital ratio was 14.52%, Common Equity Tier 1 ratio was 13.39%, and non-GAAP Tangible Common Equity ratio was 11.17% at quarter-end.
Notes
The release notes that Q2 2026 results included $10.5 million of severance and employee benefit costs associated with departures of three senior executives, and $5.2 million provision for credit losses including $2.8 million of net charge-offs. Q3 2026 included $192,000 of severance expense related to staffing realignment. Company indicates these strategic actions are expected to recoup their costs within approximately three years. Tangible Common Equity ratio, Return on average tangible common equity, and Tangible book value per share are non-GAAP measures.
Price and volatility reaction
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.