SHARPE
Reported results
- Net income (GAAP) was $129.5 million for Q3 2026, compared to $119.3 million in Q2 2026 and $123.6 million in Q3 2025
- Net income, as adjusted (non-GAAP) was $129.1 million for Q3 2026, increasing 0.8% from $128.1 million in Q2 2026 and 7.9% from $119.7 million in Q3 2025
- Diluted earnings per share (GAAP) was $0.65 for Q3 2026, compared to $0.59 in Q2 2026 and $0.63 in Q3 2025
- Net interest income after credit loss expense was $242.0 million for Q3 2026, compared to $236.4 million in Q2 2026 and $222.7 million in Q3 2025
- Total revenue (net) was $288.4 million for Q3 2026, compared to $295.1 million in Q2 2026 and $277.7 million in Q3 2025
- Efficiency ratio was 40.78% for Q3 2026; efficiency ratio, as adjusted (non-GAAP) was 40.84%
Notes
The release references reconciliations of non-GAAP measures to GAAP in accompanying schedules. Q2 2026 includes $12.7 million in merger and acquisition expenses related to the MCBI acquisition. The company notes it is ‘bringing the company closer to a half-billion-dollar year’ based on nine-month net income of $367.0 million.
Price and volatility reaction
The stock moved +2.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -2.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 28.29 | 2026-10-14 |
| Close after release | 28.87 | 2026-10-15 |
| Realised move | +2.0% | close to close |
| 30d ATM IV change | -2.9 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 2026-10-14 (8-K, Item 2.02). Read the original filing on sec.gov.