SHARPE
Reported results
- GAAP net income for the nine months ended September 30, 2026 totaled $72.7 million, or $4.21 per diluted share, compared with $65.9 million, or $4.06 per diluted share, for the nine months ended September 30, 2025.
- Non-GAAP adjusted net income was $24.5 million, or $1.42 per diluted share, for Q3 2026, and $76.1 million, or $4.41 per diluted share, for the nine months ended September 30, 2026.
- Net interest income increased $8.9 million, or 17.1 percent, to $60.9 million in Q3 2026 from $52.0 million in Q3 2025, and net interest margin improved to 3.73 percent from 3.49 percent.
- Noninterest income totaled $12.3 million in Q3 2026, up $1.9 million, or 18.4 percent, from $10.4 million in Q3 2025, primarily due to increases in treasury management fees of approximately 28 percent.
- Total loans increased $37.4 million, or an annualized 3.0 percent, during Q3 2026, with commercial loan portfolio expansion of $20.4 million, or an annualized 2.0 percent.
- Total deposits equaled $5.61 billion as of September 30, 2026, compared to $5.28 billion as of December 31, 2025, with local deposits growing $438 million, or an annualized 11.4 percent, during the first nine months of 2026.
Notes
Non-GAAP measures exclude costs associated with the acquisition of Eastern Michigan Financial Corporation and core and digital banking system conversion. The company expects the core and digital banking system conversion to be completed in the first quarter of 2027.
Price and volatility reaction
The stock moved +1.1% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 58.42 | 2026-10-19 |
| Close after release | 59.04 | 2026-10-20 |
| Realised move | +1.1% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.