SHARPE
Reported results
- Net income (GAAP) for Q3 2026 was $28.2 million, compared to $27.4 million in Q2 2026
- Diluted earnings per common share (GAAP) was $1.22 for Q3 2026, compared to $1.17 in Q2 2026
- Net interest income on a fully-taxable equivalent (FTE) basis was $53.5 million for Q3 2026, compared to $52.7 million for Q2 2026
- Annualized net interest margin (FTE) was 3.81% for Q3 2026, a 4 basis point increase from 3.77% in Q2 2026
- Noninterest income was $10.7 million for Q3 2026, compared to $10.3 million for Q2 2026
- Noninterest expense was $26.2 million for Q3 2026, compared to $26.0 million for Q2 2026
Notes
The company presents net interest margin and net interest income on a fully-taxable equivalent (FTE) basis using the current statutory federal tax rate to reflect the impact of federally tax-exempt loans and securities. The company recognized no provision for credit losses in Q3 2026. Nonperforming assets at September 30, 2026 were $476 thousand and the allowance for credit losses on loans was $10.5 million.
Price and volatility reaction
The stock moved +3.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -29.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 58.7 | 2026-10-14 |
| Close after release | 60.9 | 2026-10-15 |
| Realised move | +3.8% | close to close |
| 30d ATM IV change | -29.1 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 2026-10-15 (8-K, Item 2.02). Read the original filing on sec.gov.