SHARPE
Reported results
- Net income for nine months ended September 30, 2026: $15.50 million (GAAP) or $2.43 per diluted common share, compared with $9.95 million or $1.56 per diluted common share for nine months ended September 30, 2025.
- Net income for three months ended September 30, 2026: $5.49 million or $0.86 per diluted common share, compared with $4.42 million or $0.69 per diluted common share for three months ended September 30, 2025.
- Net interest income for nine months ended September 30, 2026: $39.52 million (GAAP), compared with $32.92 million for nine months ended September 30, 2025.
- Net interest margin (non-GAAP, FTE) for nine months ended September 30, 2026: 3.07%, compared with 2.56% for nine months ended September 30, 2025.
- Total assets as of September 30, 2026: $1.78 billion.
- Efficiency ratio (non-GAAP) for nine months ended September 30, 2026: 58.04%, compared with 62.72% for nine months ended September 30, 2025.
Guidance
- The Company expects that incremental earnings improvement from the securities portfolio repositioning will recover the $6.55 million pre-tax loss on the sale over a period of 1.8 years from the date of the transaction, and provide earnings accretion after the recovery period.
- The Company expects securities paydowns and maturities during the fourth quarter will pay off short-term borrowings.
Notes
The Company made minor reclassifications during the current period. Prior periods are presented on a comparable basis. The release dated October 22, 2026 reports results through the third quarter of 2026. During the second quarter of 2026, the Company recorded a gain of $6.57 million on the sale of its membership interest in Bearing Insurance Group, LLC and a loss of $6.55 million on securities portfolio restructuring.
Price and volatility reaction
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.