Imagine betting that a company's stock will swing by more than a third of its value based on one quarterly report. That's not a wild speculation for some traders this week—it's what the options market is pricing in. For ten stocks reporting earnings, the implied post-earnings move is above 20%, with one name showing a potential swing of over 35%. That means more than a third of its market value could hinge on a single set of numbers.
The second week of the first-quarter 2026 earnings season is all about regional banks. Last week, we got the macro tone from giants like JPMorgan Chase & Co. (JPM), Bank of America Corp. (BA), and Morgan Stanley (MS). This week, it's a deeper dive into the health of mid-size lenders: their loan books, deposit costs, credit quality, and how they're handling the inflation and rate volatility that followed the outbreak of the U.S.-Iran war.
The real story will likely come from the post-earnings conference calls. Investors want to know if soaring energy prices are translating into real stress for smaller banks—things like rising delinquencies, slowing small business borrowing, and tighter deposit bases in communities where a $4 gallon of gas isn't just a headline.
According to market data, options are pricing implied moves above 20% across ten stocks with market caps above $2 billion reporting this week. All ten are facing potential swings of more than 20% on a single earnings print. Here they are, ranked from the smallest to the largest implied move:
Vicor reports Q1 2026 results on April 21 before the market open. Wall Street expects earnings per share of $0.36 and revenue of $109.05 million. Options imply a 23.14% post-earnings move for this power components maker, whose high-density products serve data centers and AI infrastructure—giving us a niche but telling read on compute-hardware spending at the component level. Shares are up 98.95% year-to-date and 35.43% month-to-date, the best performance on this week's list by a wide margin, meaning expectations are sky-high.
First Hawaiian reports on April 24 before the open. Consensus estimates call for EPS of $0.54 and revenue of $221.09 million. Options imply a 23.33% move for Hawaii's largest bank by assets, reflecting both the state's tourism-driven economy and its sensitivity to interest rate movements on its loan and securities portfolio. Shares are up 7.07% year-to-date and 8.85% month-to-date.
United Community Banks reports on April 21 before the open. Analysts are looking for EPS of $0.70 and revenue of $272.75 million. The stock trades at 11.4x forward earnings—a discount to peers that suggests the market is pricing in execution risk on the bank's ongoing balance sheet repositioning. Options imply a 23.39% move for this Southeast regional bank, whose loan book spans commercial real estate, construction, and small business lending across Georgia, South Carolina, and Tennessee—markets where energy-driven inflation is testing borrower cash flows. Shares are up 10.30% year-to-date and 8.45% month-to-date.
Hilltop Holdings reports on April 23 after the close. Consensus estimates call for EPS of $0.49 and revenue of $110.15 million—a recovery from prior-quarter weakness, with the street looking for a return to profitability growth. At 18.2x forward earnings, Hilltop carries a richer valuation than most peers on this list, leaving it exposed if results disappoint. Options imply a 23.47% move for this Texas-based financial holding company, whose banking and broker-dealer operations make it a dual read on both regional credit conditions and capital markets activity in the South. Shares are up 12.31% year-to-date and 5.86% month-to-date.
MaxLinear reports on April 23 after the close. Wall Street expects EPS of $0.18 and revenue of $135.00 million—a return to positive EPS after a string of loss quarters, with revenues seen recovering as broadband and data center chip demand stabilizes. The stock trades at 30.6x forward earnings, pricing in a meaningful recovery that has yet to fully materialize in reported numbers. Options imply a 24.39% move for the only non-financial name on this week's list. MaxLinear supplies chips for broadband access, data center interconnect, and Wi-Fi infrastructure—making its print a direct read on whether AI-linked component demand is filtering down to mid-tier semiconductor suppliers. Shares are up 50.72% year-to-date and 51.06% month-to-date—a near-doubling in April alone that has already priced in a significant earnings beat.
Pinnacle Financial Partners reports on April 22 after the close. Consensus estimates call for EPS of $2.26 and revenue of $1.20 billion—EPS seen up from $1.90 in the prior-year quarter, a +18.9% year-over-year improvement that would mark an acceleration in earnings growth. Options imply a 24.87% move for the largest name on this week's list. Pinnacle is a high-growth commercial bank focused on the Southeast and mid-Atlantic markets, with a business model built around recruiting veteran bankers and targeting middle-market clients—making its credit quality and loan growth data closely watched by the industry. Shares are up 2.24% year-to-date and 12.68% month-to-date.
Netstreit reports on April 20 after the close. Wall Street expects EPS of $0.33 and revenue of $53.11 million from this net-lease real estate investment trust, which owns single-tenant commercial properties leased to necessity-based retailers. Options imply a 26.65% move—unusually wide for a REIT, reflecting uncertainty about how rising energy costs and persistent inflation are affecting the credit health of its retail tenants and the sustainability of its dividend coverage. Shares are up 19.44% year-to-date and 10.67% month-to-date.
Ardagh Metal Packaging reports on April 23 before the open. Consensus estimates call for EPS of $0.02 and revenue of $1.37 billion—near-breakeven profitability on a sizable revenue base, a combination that leaves the stock acutely sensitive to any cost or volume surprise. Options imply a 27.85% move for this aluminum beverage can manufacturer, whose margins sit at the intersection of energy costs, aluminum prices, and consumer staples demand—three variables all in flux following the Iran conflict and sustained commodity price pressure. Shares are up 4.86% year-to-date and 3.70% month-to-date.
First BanCorp reports on April 22 before the open. Wall Street expects EPS of $0.51 and revenue of $251.69 million from Puerto Rico's second-largest bank by assets. Options imply a 34.01% move—the second-largest on this week's list, reflecting the layered uncertainty around a Puerto Rico franchise: island-specific economic conditions, sensitivity to U.S. federal transfer payments, and a loan book exposed to both consumer and commercial stress in a market where energy costs are an outsized share of household budgets. Shares are up +13.07% year-to-date and +8.75% month-to-date.
Fulton Financial reports on April 22 after the close—and tops this week's list with the largest implied move of any name so far this earnings season. Consensus estimates call for EPS of $0.48 and revenue of $311.12 million, with the street looking for continued earnings momentum from the Pennsylvania-based regional lender following its acquisition of Republic First Bancorp assets in 2024. At 10.3x forward earnings, the stock is priced conservatively—the market is not paying a premium for execution confidence. Options imply a staggering 35.48% post-earnings move—equivalent to roughly $1.5 billion of market value at risk in a single session. That's a swing size more typical of a speculative biotech than a 150-year-old regional bank. It likely reflects a combination of thin options liquidity on a mid-cap bank name and genuine uncertainty about whether the acquired Republic First book has been fully digested. Shares are up 14.83% year-to-date and 9.13% month-to-date—a rally that has priced in optimism the integration is on track, raising the cost of a disappointment.
