SHARPE
Reported results
- Net income of $60.2 million, or $1.20 per diluted common share (GAAP), compared to $1.13 in Q2 2026 and $0.43 in Q3 2025.
- Adjusted net income of $60.9 million, or $1.21 per diluted common share (non-GAAP), compared to $1.14 in Q2 2026 and $1.07 in Q3 2025.
- Loans held for investment (HFI) of $13.18 billion at quarter-end, representing 9.68% annualized growth from prior quarter and 7.17% year-over-year growth.
- Total deposits of $14.67 billion, representing 8.82% annualized growth from prior quarter and 6.18% year-over-year growth.
- Net interest margin (tax-equivalent basis) of 3.83% for Q3 2026, compared to 3.95% in Q2 2026 and 3.95% in Q3 2025.
- Noninterest expense of $96.0 million with efficiency ratio of 55.0% (GAAP) and adjusted efficiency ratio of 54.3% (non-GAAP).
Notes
Company completed a $125.0 million subordinated debt issuance during the quarter. Repurchased 545,214 shares for $29.3 million. Net interest income on tax-equivalent basis was $150.8 million for Q3 2026. Nonperforming loans HFI as a percentage of total loans HFI increased to 1.18% at Q3 2026 from 0.94% in Q3 2025. Preliminary total risk-based capital ratio of 13.6% and common equity tier 1 ratio of 11.0% as of Q3 2026.
Price and volatility reaction
The stock moved -4.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 52.95 | 2026-10-12 |
| Close after release | 50.72 | 2026-10-13 |
| Realised move | -4.2% | close to close |
| 30d ATM IV change | -4.1 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 2026-10-13 (8-K, Item 2.02). Read the original filing on sec.gov.