SHARPE
Reported results
- Net income of $41.8 million (GAAP) for Q3 2026, compared to $40.2 million for Q2 2026 and $37.2 million for Q3 2025
- Diluted earnings per share of $0.94 (GAAP) for Q3 2026, up from $0.90 in Q2 2026 and $0.82 in Q3 2025
- Record net interest income of $103.7 million (GAAP) for Q3 2026, up 2.8% from $100.8 million in Q2 2026
- Net interest margin of 4.33% for Q3 2026, up 5 basis points from 4.28% in Q2 2026
- Return on average tangible common equity (ROTCE) (non-GAAP) of 14.78% for Q3 2026, compared to 14.47% in Q2 2026
- Efficiency ratio (non-GAAP) of 48.40% for Q3 2026, compared to 46.93% in Q2 2026
Notes
The release includes multiple non-GAAP financial measures (ROTCE, efficiency ratio, pre-tax pre-provision net income, tangible book value per share, and others) with reconciliations to GAAP measures provided in the document. No significant accounting changes are noted.
Price and volatility reaction
The stock moved +1.1% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -65.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 37.99 | 2026-10-22 |
| Close after release | 38.4 | 2026-10-23 |
| Realised move | +1.1% | close to close |
| 30d ATM IV change | -65.7 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.