SHARPE
Reported results
- Net income available to common shareholders: $828 million (GAAP) for Q3 2026, compared to $763 million in Q2 2026 and $608 million in Q3 2025
- Diluted earnings per share: $0.90 (GAAP) for Q3 2026; adjusted EPS (non-GAAP) of $1.13, which excludes $0.23 per share of certain items
- Net interest income (FTE) (non-GAAP): $2,276 million for Q3 2026, up 3% sequentially and 49% year-over-year
- Adjusted PPNR (non-GAAP) growth of 8% sequentially with 450 basis points of positive operating leverage from Q2 2026
- Adjusted ROTCE (non-GAAP): 20.6% and adjusted ROA (non-GAAP): 1.41% for Q3 2026
- Net charge-offs ratio (annualized): 0.31% for Q3 2026; core deposits increased 3% sequentially with loan-to-core deposit ratio of 76%
Notes
Certain items reduced Q3 2026 diluted EPS by $0.23 after-tax, including $215 million in pre-tax merger-related charges, $34 million in interchange litigation matters, and $19 million in technology-related asset impairments. The company completed the Comerica conversion during the quarter. Year-to-date merger-related charges totaled approximately $1.04 billion.
Price and volatility reaction
The stock moved +0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 50.37 | 2026-10-16 |
| Close after release | 50.51 | 2026-10-19 |
| Realised move | +0.3% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.