---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000042"
form_type: "8-K/A"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:34:39.129372+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ASB Q2 net loss $45.8M on $66.1M goodwill impairment; strategic review ongoing

## Summary
- Net loss $45.8M includes after-tax goodwill impairment of $66.1M related to HEI's strategic review of ASB.
- Core net income (excl. impairment & wildfire costs) $20.7M, vs $20.2M in Q2 2023.
- Net interest margin improved to 2.79% (up 4 bps linked quarter); negative provision for credit losses of $1.9M.
- Goodwill impairment is non-cash, no impact on liquidity; ASB's Tier 1 leverage ratio 8.4%.
- HEI continues to review strategic options for ASB; no set timetable for actions.

## SEC filing metadata
- accession: 0000354707-24-000042
- form_type: 8-K/A
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000042/0000354707-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354707/000035470724000042/he-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000042
- JSON: https://secwatch.observer/filing/0000354707-24-000042.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000042.txt

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