SHARPE
Reported results
- Net interest income was $93.8 million for Q3 2026, up $1.1 million from Q2 2026, with net interest margin of 4.31% compared to 4.23% in Q2 2026.
- Provision for credit losses was $3.6 million in Q3 2026, down $1.1 million from $4.7 million in Q2 2026.
- Total non-interest income, excluding net gains and losses, increased $1.5 million to $30.5 million in Q3 2026 versus Q2 2026.
- Total non-interest expense increased $1.8 million to $74.5 million in Q3 2026, with acquisition-related expenses of $1.5 million.
- Efficiency ratio was 58.50% for Q3 2026 versus 58.27% for Q2 2026; efficiency ratio adjusted for non-core items was 57.30% versus 57.93%.
- Total assets were $9.7 billion at September 30, 2026; total loans and leases increased $19.2 million (1% annualized) from June 30, 2026.
Notes
Non-core items negatively impacted Q3 2026 earnings per diluted common share by $0.13. The company signed a definitive merger agreement on September 30, 2026, to acquire Capital Bancorp, Inc. in an all-stock transaction valued at approximately $728.1 million, with $1.0 million in acquisition-related expenses recognized in Q3 2026. The company is also pending completion of the Citizens National Corporation acquisition announced April 21, 2026, valued at approximately $76.6 million, with $0.9 million in acquisition-related expenses in Q3 2026.
Price and volatility reaction
The stock moved +3.0% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 36.47 | 2026-10-19 |
| Close after release | 37.56 | 2026-10-20 |
| Realised move | +3.0% | 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.