secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000354707-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000063/0000354707-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470723000063/he-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000354707-23-000063

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