SHARPE
Reported results
- Net income was $38.4 million, or $0.82 per diluted share, in the third quarter of 2026, compared to $23.2 million, or $0.82 per diluted share, in the third quarter of 2025.
- Adjusted net income, a non-GAAP financial measure, was $48.2 million, or $1.03 per diluted share, in the third quarter of 2026, compared to $23.4 million, or $0.83 per diluted share, in the third quarter of 2025.
- Net interest income totaled $140.3 million in the third quarter of 2026, compared to $81.0 million in the third quarter of 2025.
- Net interest margin was 3.82% in the third quarter of 2026, compared to 4.07% in the third quarter of 2025.
- The provision for credit losses totaled $4.4 million in the third quarter of 2026, compared to $10.1 million in the third quarter of 2025.
- Adjusted efficiency ratio, a non-GAAP financial measure, was 63.06% in the third quarter of 2026, compared to 64.00% in the third quarter of 2025.
Notes
The company revised the presentation of certain deposits to conform to the current presentation for periods prior to March 31, 2026, and reclassified certain deposit products in conjunction with the integration of First Foundation.
Price and volatility reaction
The stock moved +0.7% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 39.8 | 2026-10-26 |
| Close after release | 40.09 | 2026-10-27 |
| Realised move | +0.7% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-26 (8-K, Item 2.02). Read the original filing on sec.gov.