SHARPE
Reported results
- Q3 2026 net earnings attributable to common shareholders: $260.6 million, vs. $224.0 million in Q3 2025 (GAAP)
- Q3 2026 diluted earnings per voting common share: $1.08, vs. $1.01 in Q3 2025 (GAAP)
- Q3 2026 total net revenues: $2,221.9 million, vs. $2,047.4 million in Q3 2025 (GAAP)
- Q3 2026 Investment Banking net revenues: $1,331.4 million, up 17% from Q3 2025 (GAAP)
- Q3 2026 return on adjusted tangible shareholders’ equity (non-GAAP): 13.5%, vs. 13.6% in Q3 2025
- YTD 2026 net earnings attributable to common shareholders: $639.7 million, or $2.79 per diluted share, vs. $439.9 million or $1.98 per diluted share in YTD 2025 (GAAP)
Notes
Amounts pertaining to August 31, 2026 represent preliminary estimates and may be revised upon filing Form 10-Q. SMBC conversion of preferred shares to non-voting common stock during Q3 2026 resulted in differing basic and diluted EPS between voting and non-voting common shares. Goodwill write-down of $35.5 million after-tax related to expected sale of Tessellis included in nine-month results.
Price and volatility reaction
The stock moved -1.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -7.0 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 47.13 | 2026-09-28 |
| Close after release | 46.52 | 2026-09-29 |
| Realised move | -1.3% | close to close |
| 30d ATM IV change | -7.0 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 2026-09-28 (8-K, Item 2.02). Read the original filing on sec.gov.