SHARPE
Reported results
- GAAP net income available to common stockholders was $29.9 million for the third quarter of 2026 compared with $40.2 million for the second quarter of 2026.
- GAAP diluted earnings per share was $0.59 for the third quarter of 2026 compared with $0.80 for the second quarter of 2026.
- Non-GAAP operating net income available to common stockholders was $47.9 million for the third quarter of 2026 compared with $42.2 million for the second quarter of 2026.
- Non-GAAP operating diluted earnings per share was $0.95 for the third quarter of 2026 compared with $0.84 for the second quarter of 2026.
- Non-GAAP net interest margin was 3.44% for the third quarter of 2026 compared to 3.42% for the second quarter of 2026.
Guidance
- The projected effective tax rate for the fourth quarter of 2026 is 27.5%.
- Transaction costs related to the balance sheet restructuring of approximately $7 to $8 million will be recognized upon closing and payment in the fourth quarter of 2026.
Price and volatility reaction
The stock moved +6.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -54.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 30.88 | 2026-10-21 |
| Close after release | 32.82 | 2026-10-22 |
| Realised move | +6.3% | close to close |
| 30d ATM IV change | -54.2 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.