{"schema_version":"secwatch.filing_event.v1","accession":"0000354707-24-000004","form_type":"8-K","ticker":"HE","cik":"0000354707","company_name":"HAWAIIAN ELECTRIC INDUSTRIES INC","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.582057+00:00","generated_at":"2026-06-06T15:19:56.446629+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"American Savings Bank 2023 net income $53.4M, down 33% YoY; Q4 net $3.2M after repositioning loss","bullets":["2023 net income $53.4M vs $80.0M in 2022; core net income (ex-wildfire & repositioning) $72.6M.","Q4 2023 net income $3.2M includes $11.0M after-tax loss on sale of securities and $2.0M wildfire expenses; core Q4 net $16.2M.","Net interest margin 2.74% for 2023, down from 2.89% in 2022; average cost of funds rose 77 bps to 0.93%.","Nonaccrual loans rose to 0.46% of loans from 0.28% year ago; Tier 1 leverage ratio 7.7% as of Dec 31, 2023.","No dividend paid to HEI in Q4; balance sheet repositioning sold low-yielding securities to reduce high-cost deposits."],"urls":{"canonical":"https://secwatch.observer/filing/0000354707-24-000004","json":"https://secwatch.observer/filing/0000354707-24-000004.json","markdown":"https://secwatch.observer/filing/0000354707-24-000004.md","text":"https://secwatch.observer/filing/0000354707-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/354707/000035470724000004/0000354707-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/354707/000035470724000004/he-20240130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:19:56.446629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}