---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000060"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:39:58.978408+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Savings Bank Q3 net income $18.8M, swing from Q2 loss; NIM expands to 2.82%

## Summary
- Q3 net income $18.8M vs net loss $45.8M in Q2; core net income $19.4M, up from $17.6M YoY.
- Net interest margin 2.82% (up 3 bps linked quarter, up 12 bps YoY) on higher asset yields.
- Provision for credit losses $0.2M; net charge-off ratio 0.15%, nonaccrual loans 0.42% of portfolio.
- Noninterest expense $56.0M, down from $136.5M in Q2 which included $82.2M goodwill impairment.
- Loans $6.1B (-2.3% YTD); deposits $8.0B (-1.8% YTD); no dividend paid to parent HEI in Q3.

## SEC filing metadata
- accession: 0000354707-24-000060
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000060/0000354707-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354707/000035470724000060/he-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000060
- JSON: https://secwatch.observer/filing/0000354707-24-000060.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000060.txt

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