secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000354707-24-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470724000060/0000354707-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354707/000035470724000060/he-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000354707-24-000060

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