SHARPE
Reported results
- GAAP net income was $62.78 million, or $1.53 per diluted share, for 3Q 2026.
- Non-GAAP Adjusted net income was $60.38 million for 3Q 2026.
- Non-GAAP Core earnings per share - diluted was $1.47 for 3Q 2026.
- GAAP net interest income was $90.07 million for 3Q 2026.
- GAAP net interest margin was 3.75% for 3Q 2026.
- Non-GAAP Core efficiency ratio was 42.2% for 3Q 2026.
Guidance
- Maintaining Core EPS guidance in the range of $5.95 - $6.05 a share for 2026.
- Providing a Core EPS baseline range of $7.00 - $7.20 a share for 2027.
- Initiating preliminary Core EPS guidance for 2028 of $8.00 - $8.20 a share.
- Expect to repurchase $200 million of shares in 2026, or $50 million a quarter.
- Targeting buyback amounts for 2027 through Q1 2028 to be approximately 100% of Adjusted net income.
- Estimated annual future effective tax rate of approximately 23.9%.
Notes
3Q 2026 pre-tax results included $4.3 million of restructuring costs and $1.9 million related to a legal settlement, as well as $7.3 million of non-core income tax benefits related to the carryback of transferable investment tax credits to prior periods.
Price and volatility reaction
The stock moved -7.5% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 50.52 | 2026-10-29 |
| Close after release | 46.75 | 2026-10-30 |
| Realised move | -7.5% | close to close |
| 30d ATM IV change | -4.9 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.