SHARPE
Reported results
- Net interest income was $122.4 million for Q3 2026, compared to $112.4 million for Q3 2025 (GAAP).
- Provision for credit losses was $10.2 million for Q3 2026, compared to a reversal of $2.5 million for Q3 2025 (GAAP).
- Noninterest income was $187.1 million for Q3 2026, compared to $217.8 million for Q3 2025, a 14.1% decrease (GAAP).
- Noninterest expense was $264.1 million for Q3 2026, compared to $271.9 million for Q3 2025, a 2.9% decrease (GAAP).
- Return on average assets (annualized) was 0.67% for Q3 2026, compared to 1.20% for Q3 2025 (GAAP).
- Return on average stockholders’ equity (annualized) was 4.67% for Q3 2026, compared to 8.35% for Q3 2025 (GAAP).
Notes
The company declared a quarterly cash dividend of $0.22 per common share. Mortgage loan origination production volume was $2.2 billion in Q3 2026 versus $2.3 billion in Q3 2025. Net interest margin was 3.33% for Q3 2026 versus 3.06% for Q3 2025. Effective tax rate was 25.2% for Q3 2026 versus 23.2% for Q3 2025. The release notes uncertain economic conditions and their expected adverse impact on operating results for remainder of 2026.
Price and volatility reaction
The stock moved -2.5% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -20.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 37.28 | 2026-10-22 |
| Close after release | 36.36 | 2026-10-23 |
| Realised move | -2.5% | close to close |
| 30d ATM IV change | -20.9 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 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.