Reported results
- GAAP net income for the third quarter of 2026 was $56.9 million, compared to $47.2 million for the third quarter of 2025.
- GAAP net income per diluted common share for the third quarter of 2026 was $3.13, compared to $2.92 for the third quarter of 2025.
- GAAP net interest income for the third quarter of 2026 was $140,743 thousand.
- Non-GAAP pre-tax, pre-provision net income was $69,837 thousand for the third quarter of 2026.
- Non-GAAP adjusted net income was $61,241 thousand, or $3.37 non-GAAP adjusted diluted earnings per common share, for the third quarter of 2026.
- Non-GAAP tangible book value per common share was $78.03 as of September 30, 2026.
Price and volatility reaction
The stock moved -0.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 183.32 | 2026-10-26 |
| Close after release | 181.99 | 2026-10-27 |
| Realised move | -0.7% | close to close |
| 30d ATM IV change | -4.4 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 2026-10-26 (8-K, Item 2.02). Read the original filing on sec.gov.
