SHARPE
Reported results
- Net income available to common stockholders: $13.9 million ($0.39 diluted earnings per share) for Q3 2026, compared to $21.3 million ($0.60 per share) in Q2 2026 and $20.1 million ($0.57 per share) in Q3 2025
- Net interest income before provision: $43.7 million for Q3 2026, up $1.2 million from Q2 2026 and up $3.3 million from Q3 2025
- Total assets: $7.67 billion at September 30, 2026, up $136.7 million from June 30, 2026 and up $827.0 million from September 30, 2025
- Gross loans held for investment: $6.79 billion at September 30, 2026, up $313.5 million (19% annualized) from June 30, 2026 and up $826.5 million (14%) from September 30, 2025
- Return on average equity (annualized): 9.10% for Q3 2026, compared to 14.36% in Q2 2026 and 14.23% in Q3 2025
- Efficiency ratio: 64.47% for Q3 2026, compared to 54.76% in Q2 2026 and 53.38% in Q3 2025
Guidance
- Company anticipates sale of distributed retail and consumer direct mortgage origination channels to CMG Financial should close by end of 2026, subject to satisfactory completion of due diligence and execution of definitive agreement
- Company currently estimates restructuring charges of between $6 million and $7 million, with the majority realized during the fourth quarter of 2026
Notes
Q3 2026 results included $9.3 million combined decrease in fair value of loans held for investment and lender risk account driven by higher market interest rates, partially offset by $5.0 million increase in fair value of mortgage servicing rights. Results also included $3.1 million in operational losses from an isolated external deposit fraud incident within the retail banking center; the Company has notified insurance carriers and plans to pursue recoveries.
Price and volatility reaction
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.