HEI Q2 net income $54.6M, EPS $0.50 vs $0.48 YoY; utility and bank both improve

HAWAIIAN ELECTRIC INDUSTRIES INC

2023-Q2 EPS reported $1.00 revenue$1,823,922,000

Q2 2023 net income $54.6M ($0.50 diluted EPS) vs $52.5M ($0.48) in Q2 2022, a 4% EPS increase.
Utility segment net income $45.3M, up from $44.1M; revenue growth from ARA mechanism partially offset by higher O&M expenses.
American Savings Bank net income $20.2M vs $17.5M YoY; credit quality strong, Tier 1 leverage ratio 7.8%.
Board declared $0.36 quarterly dividend ($1.44 annual), payable Sept 8, 2023; yield 3.8% based on $37.72 close.
Holding & other companies net loss $10.9M vs $9.1M in prior year due to higher interest expense.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HAWAIIAN ELECTRIC INDUSTRIES INC reported second quarter of 2023 results: net income $54.6 million, EPS $0.50.

Period: second quarter of 2023
Net income: $54.6 million
EPS: $0.50
Result: reported results

Exact text from the filing

HONOLULU - Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2023 of $54.6 million and EPS of $0.50 compared to $52.5 million and EPS of $0.48 for the second quarter of 2022.

View on SEC.gov

310 earnings releases filed in the last 30 days. Browse all earnings releases →

HAWAIIAN ELECTRIC INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000354707-23-000063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.