SHARPE
Reported results
- Third quarter 2026 GAAP net loss totaled $8.8 million, or $(0.20) per diluted share, compared to GAAP net income of $26.5 million, or $0.58 per diluted share, in the second quarter of 2026.
- Non-GAAP adjusted net income for the third quarter of 2026 was $2.9 million, or $0.06 per diluted share.
- GAAP provision expense for credit losses was $40.6 million during the third quarter of 2026.
- Non-GAAP fully taxable equivalent net interest income was $115.2 million for the third quarter of 2026.
- Non-GAAP fully taxable equivalent pre-provision net revenue was $30.9 million, while non-GAAP adjusted fully taxable equivalent pre-provision net revenue was $46.1 million for the third quarter of 2026.
Guidance
- Targeting a dollar plus of earnings per share in the fourth quarter.
Price and volatility reaction
The stock moved -3.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +3.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 38.98 | 2026-10-27 |
| Close after release | 37.48 | 2026-10-28 |
| Realised move | -3.9% | close to close |
| 30d ATM IV change | +3.6 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 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.