secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000354707-23-000089
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000089/0000354707-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000089/he-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000354707-23-000089

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