---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-23-000063"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:05:00.954958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000354707-23-000063
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470723000063/0000354707-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470723000063/he-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-23-000063
- JSON: https://secwatch.observer/filing/0000354707-23-000063.json
- Plain text: https://secwatch.observer/filing/0000354707-23-000063.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354707/000035470723000063/0000354707-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.