---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000039"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:34:48.874147+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ASB posts Q2 net loss of $45.8M on $66.1M goodwill impairment; core net income $20.7M

## Summary
- Net loss of $45.8M includes $66.1M after-tax goodwill impairment tied to HEI strategic review of ASB.
- Core net income (ex-impairement & wildfire costs) was $20.7M vs. $20.9M in Q1 2024 and $20.2M in Q2 2023.
- Net interest margin expanded to 2.79%, up 4 bps from linked quarter; negative credit provision of $1.9M.
- Total loans $6.1B (down 2.5% from YE2023); deposits $8.0B (down 1.3%); no dividend paid to HEI in Q2.
- Tier 1 leverage ratio 8.4%; non-cash impairment has no impact on liquidity or regulatory capital.

## SEC filing metadata
- accession: 0000354707-24-000039
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000039/0000354707-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354707/000035470724000039/he-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000039
- JSON: https://secwatch.observer/filing/0000354707-24-000039.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000039.txt

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