SHARPE
Reported results
- Third quarter 2026 net income was $12 million, compared to net income of $34 million in the second quarter of 2026.
- Net interest income was $460 million, up $20 million or 5% compared to the second quarter of 2026, while net interest margin increased 4 basis points to 2.17%.
- Provision for credit losses increased $58 million to $76 million for the third quarter of 2026 compared to $18 million in the second quarter of 2026.
- Non-GAAP pre-provision net revenue was $66 million and non-GAAP adjusted pre-provision net revenue was $66 million for the third quarter of 2026.
- Total loans and leases held for investment were $61.9 billion as of September 30, 2026, up 2% compared to June 30, 2026.
- Common Equity Tier 1 capital ratio was 12.38% as of September 30, 2026.
Price and volatility reaction
The stock moved -9.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 11.44 | 2026-10-22 |
| Close after release | 10.38 | 2026-10-23 |
| Realised move | -9.3% | close to close |
| 30d ATM IV change | -4.3 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 2026-10-23 (8-K, Item 2.02). Read the original filing on sec.gov.