secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0000354707-24-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470724000014/0000354707-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470724000014/he-20240327.htm
  HTML page:      https://secwatch.observer/filing/0000354707-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer