SHARPE
Reported results
- Net income was $18.7 million for Q3 2026 (GAAP), compared to $17.5 million in Q2 2026 and $19.2 million in Q3 2025.
- Diluted earnings per share were $0.46 for Q3 2026 (GAAP), compared to $0.42 in Q2 2026 and $0.55 in Q3 2025.
- Adjusted diluted earnings per share were $0.55 for Q3 2026 (non-GAAP), compared to $0.57 in Q2 2026 and $0.56 in Q3 2025.
- Net interest income increased $2.4 million, or 3.3%, to $77.3 million in Q3 2026 from Q2 2026.
- Net interest margin increased 6 basis points to 4.05% in Q3 2026 from 3.99% in Q2 2026.
- Loans receivable increased $133.5 million, or 2.3% (9.2% annualized), and deposits increased $148.2 million, or 2.1% (8.4% annualized), in Q3 2026.
Notes
Merger-related expenses of $5.2 million were recognized in Q3 2026 related to the Olympic Bancorp acquisition (closed January 31, 2026), including core conversion costs and branch closure costs. The company approved a new stock repurchase program authorizing repurchase of up to 5% of outstanding shares (approximately 2.0 million shares). A regular cash dividend of $0.25 per share was declared on October 21, 2026.
Price and volatility reaction
The stock moved +3.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +10.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 27.68 | 2026-10-21 |
| Close after release | 28.52 | 2026-10-22 |
| Realised move | +3.0% | close to close |
| 30d ATM IV change | +10.3 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 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.