SHARPE
Reported results
- Net income: $277.2 million (GAAP), up $8.4 million linked-quarter and up $16.7 million year-over-year
- Diluted earnings per share: $2.45 (GAAP), up $0.09 linked-quarter and up $0.17 year-over-year
- Pre-provision net revenue (non-GAAP): $419.1 million, up $6.7 million linked-quarter and up $25.3 million year-over-year
- Net interest margin: 3.57%, up 4 basis points linked-quarter and up 4 basis points year-over-year
- Efficiency ratio (non-GAAP): 58.1%, compared to 58.0% linked-quarter; efficiency ratio adjusted for deposit costs (non-GAAP): 50.0%, compared to 48.9% linked-quarter
- Nonaccrual loans to funded HFI loans: 0.79%, down from 0.92% linked-quarter and down from 0.92% year-over-year
Guidance
- Net charge-offs guidance range midpoint for 2026: 0.30% (annualized net loan charge-offs to average loans outstanding achieved in Q3)
Notes
The release includes reclassifications of certain amounts in the Consolidated Income Statements for prior periods related to derivative contracts; these reclassifications had no effect on net income or stockholders’ equity as previously reported. The company provides adjusted non-GAAP measures for the nine months ended September 30, 2026 that exclude gains on sales of investment securities, LAM loan charge-offs, and fraud-related charge-offs.
Price and volatility reaction
The stock moved +2.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 73.63 | 2026-10-19 |
| Close after release | 75.3 | 2026-10-20 |
| Realised move | +2.3% | close to close |
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.