earnings
confidence high
sentiment neutral
materiality 0.70
HEI 2022 net income $241.1M ($2.20 EPS); dividend raised to $0.36 quarterly
HAWAIIAN ELECTRIC INDUSTRIES INC
2022-FY EPS reported
$2.20
revenue$3,741,985,000
- Full-year 2022 net income $241.1M ($2.20 EPS) vs $246.2M ($2.25 EPS) in 2021; Q4 net income $57.3M ($0.52 EPS)
- Hawaiian Electric net income $188.9M, up 6.4% YoY, driven by PBR mechanisms and ARA/MPIR revenues
- American Savings Bank net income $80.0M, down 21% YoY as 2021 had pandemic reserve releases; loans grew 15%
- Quarterly dividend increased to $0.36 from $0.35, payable March 10, 2023 to holders of record Feb 23, 2023