SHARPE
Reported results
- Net income was $20.8 million for Q3 2026 (GAAP), compared to $19.0 million for Q2 2026 and $16.3 million for Q3 2025.
- Diluted earnings per share was $1.06 for Q3 2026 (GAAP), compared to $0.96 for Q2 2026 and $0.96 for Q3 2025.
- Net interest income was $51.5 million for Q3 2026 (GAAP), compared to $50.3 million for Q2 2026 and $43.0 million for Q3 2025.
- Net interest margin on a tax-equivalent basis was 4.00% for Q3 2026, compared to 4.00% for Q2 2026 and 4.05% for Q3 2025.
- Tangible book value (non-GAAP) per share was $29.23 as of September 30, 2026, compared to $29.60 as of June 30, 2026 and $28.14 as of September 30, 2025.
- Total loans held for investment were $3.83 billion as of September 30, 2026, with annualized organic loan growth of 6.3% during the quarter.
Notes
The company completed the acquisition of BOH Holdings, Inc.’s approximately $667 million of interest-earning assets and $611 million of interest-bearing liabilities in Q2 2026. Book value per share decreased from $33.43 at June 30, 2026 to $33.04 at September 30, 2026, primarily due to a $25.5 million decrease in accumulated other comprehensive income (AOCI) from increases in long-term market interest rates. Curtis Griffith, Chairman and CEO, plans to retire as CEO at year-end 2026; Cory Newsom, President, has been appointed as his successor.
Price and volatility reaction
The stock moved -2.1% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +0.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 43.93 | 2026-10-22 |
| Close after release | 43.02 | 2026-10-23 |
| Realised move | -2.1% | close to close |
| 30d ATM IV change | +0.3 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 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.