SHARPE
Reported results
- Net interest income increased $3.0 million, or 13.2%, to $25.7 million in Q3 2026 compared to Q3 2025
- Pre-provision net revenue increased $2.8 million, or 24.9%, to $13.9 million in Q3 2026 compared to Q3 2025 (non-GAAP)
- Provision for credit losses was a credit of $2.6 million in Q3 2026, compared to provision expense of $1.1 million in Q3 2025
- Non-interest income totaled $6.3 million in Q3 2026, compared to $6.1 million in Q3 2025, an increase of $0.2 million or 3.3%
- Non-interest expense totaled $18.1 million in Q3 2026, compared to $17.6 million in Q3 2025, an increase of $0.5 million or 2.8%
- Year to date annualized loan growth totaled 7.7%, including annualized commercial loan growth of 11.7%
Notes
The Corporation completed its charter conversion from a New York State trust company to a national bank effective October 1, 2026. The adjusted efficiency ratio improved to 58.83% year to date 2026 compared to 64.08% for the same period in 2025, an improvement of 525 basis points. Non-performing loans increased to $13.8 million or 0.57% of total loans as of September 30, 2026, compared to $7.9 million or 0.35% of total loans as of December 31, 2025.
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.