SHARPE
Reported results
- Diluted earnings per share (GAAP) of $0.80 for Q3 2026, up 33% from $0.60 in Q3 2025
- Adjusted diluted earnings per share (non-GAAP) of $0.80 for Q3 2026, up 23% from adjusted $0.65 in Q3 2025
- Net interest income of $159.8 million in Q3 2026 vs. $133.4 million in Q3 2025; net interest margin of 3.63% unchanged from Q2 2026 but up 54 basis points year-over-year
- Loans grew $1.43 billion or 10.7% year-over-year to $14.74 billion at September 30, 2026
- Efficiency ratio of 30.20% in Q3 2026, improved from 35.22% in Q3 2025
- Book value per share of $18.63, up 14% year-over-year; tangible book value per share (non-GAAP) of $18.51
Guidance
- Subsequent to quarter-end, the Company announced an inaugural stock repurchase program authorizing repurchase of up to 2 million shares through December 31, 2027
Notes
All share and per-share amounts have been retrospectively adjusted for a two-for-one stock split completed during Q3 2026. The release includes non-GAAP reconciliations for adjusted net income, adjusted diluted EPS, adjusted return on average assets, adjusted return on average common stockholders’ equity, and other non-GAAP measures. During Q2 2026, the company recovered $1.9 million in interest income from a previously nonaccrual credit relationship.
Price and volatility reaction
The stock moved +2.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -16.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 38.75 | 2026-10-19 |
| Close after release | 39.59 | 2026-10-20 |
| Realised move | +2.2% | close to close |
| 30d ATM IV change | -16.5 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 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.