---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-23-000089"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:17:40.217327+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# American Savings Bank Q3 net income $11.4M, down 45% QoQ; Maui wildfire costs $8.6M

## Summary
- Net income $11.4M vs $20.2M linked quarter; core net income (ex-wildfire costs) $17.6M.
- Maui wildfire-related expenses total $8.6M, including $5.9M additional provision for credit losses.
- Net interest margin 2.70% vs 2.75% linked; provision for credit losses $8.8M vs $0.04M linked.
- Total loans $6.2B up 3.6% from Dec 2022; deposits $8.2B up 0.7%; 87% FDIC-insured or collateralized.
- Tier 1 leverage ratio 7.7%; return on avg equity fell to 9.2% from 16.2% linked quarter.

## SEC filing metadata
- accession: 0000354707-23-000089
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470723000089/0000354707-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354707/000035470723000089/he-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-23-000089
- JSON: https://secwatch.observer/filing/0000354707-23-000089.json
- Plain text: https://secwatch.observer/filing/0000354707-23-000089.txt

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