---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000014"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:27:29.524591+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HEI reports 2023 net income of $199M, down 17% YoY; dividend cut to $1.08

## Summary
- Net income for common stock $199.2M vs $241.1M in 2022; diluted EPS $1.81 vs $2.20.
- Bank operating income fell to $77.6M from $101.5M; total operating income $352.6M vs $381.1M.
- Dividend cut to $1.08/share from $1.40; payout ratio 59% vs 64%.
- Market price/book value collapsed to 67% from 208%; ROE 8.8% vs 10.5%.
- Electric utility operating income $302.2M, modestly up from $299.2M.

## SEC filing metadata
- accession: 0000354707-24-000014
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000014/0000354707-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000014/he-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000014
- JSON: https://secwatch.observer/filing/0000354707-24-000014.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000014.txt

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