Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
IPO Year:
Exchange: NYSE
Website: hei.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/23/2024 | $14.00 | Underweight → Equal Weight | Wells Fargo |
11/10/2023 | $8.00 → $8.50 | Equal Weight → Underweight | Wells Fargo |
8/18/2023 | $25.00 → $8.00 | Underweight → Equal Weight | Wells Fargo |
8/18/2022 | $43.00 | Neutral → Underperform | BofA Securities |
1/20/2022 | $41.00 | Sell → Neutral | Guggenheim |
SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
10-Q - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
11-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
Continued Strength of Utility and Bank Operations Quarter's Results Include Accrual for Previously-Announced Tort Litigation Settlement and Bank's Goodwill Impairment Settlement Will Help Communities to Move Forward and Aid Rebuilding 2Q24 Net Loss of $1.30 billion, or $11.74 per share, Includes Accrual of Estimated Wildfire Liabilities From Tort-related Legal Claims Quarter's Results Also Include Bank's Goodwill Impairment Related to HEI's Ongoing Review of Strategic Options for ASB Excluding Accrual of Estimated Wildfire Liabilities, ASB's Goodwill Impairment, and Other Maui Wildfire-Related Expenses, Results Were Solid for the Quarter, with Core Net Income and Core EPS1 of $
2Q 2024 net loss of $45.8 million reflects after-tax goodwill impairment of $66.1 million in connection with HEI's ongoing review of strategic options for ASB Excluding the non-cash goodwill impairment, and excluding after-tax Maui wildfire-related expenses of $0.3 million, ASB's core net income1 for the second quarter was $20.7 million, compared to $20.9 million in the first quarter of 2024 and $20.2 million in the second quarter of 2023 Non-cash goodwill impairment has no impact on ASB's liquidity or ability to serve customers' financial needs Net interest margin expanded to 2.79%, up 4 basis points from the prior quarter Strong credit quality and another release of reserves
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its second quarter 2024 financial results on Friday, August 9 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its second quarter 2024 financial results on Tuesday, July 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at www.hei.com under
1Q24 Net Income of $42.1 million and Diluted Earnings Per Share (EPS) of $0.38 Utility Continues to Operate Efficiently While Advancing Wildfire Mitigation and Resilience Efforts One ‘Ohana Initiative Progressing, With 43 Decedent and 15 Physical Injury Registrants to Date Bank's Strategic Balance Sheet Repositioning Executed in the Previous Quarter Contributed to Improved Profitability and Net Interest Margin Bank's Release of Maui Wildfire-Related Reserves Reflects Better Outlook for Maui Economy Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the first quarter of 2024 of $42.1 million and EPS of $0.38 compared
1Q 2024 Net Income of $20.9 million, an increase of 12.8% from 1Q 2023 Strategic Balance Sheet Repositioning Executed in the Fourth Quarter of 2023 Contributed to Improved Profitability and Net Interest Margin Expansion Release of Maui Wildfire-Related Reserves Reflects Brighter Outlook for Maui Economy Strong Credit Quality, Liquidity and Capital Position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported first quarter 2024 net income of $20.9 million compared to $3.2 million in the fourth quarter of 2023 and $18.6 million in the first quarter of 2023. Net income for the quarter reflected the rel
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its first quarter 2024 financial results on Friday, May 10 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its first quarter 2024 financial results on Tuesday, April 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at www.hei.com under "I
Full Year Net Income of $199.2 million and Diluted Earnings Per Share (EPS) of $1.81 2023 Results Include $14.1 Million of After-tax Maui Wildfire-Related Expenses and an $11.0 Million After-tax Loss Resulting from ASB's Fourth Quarter Balance Sheet Repositioning Core Businesses Continue to Perform Well Utility Continuing to Progress Resilience Work in West Maui ASB's Balance Sheet Repositioning Strengthens Balance Sheet and Positions Bank for Improved Net Interest Margin and Profitability Strong Credit Quality and Capital Position at ASB Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported full year 2023 consolidated net income for common stock of $199.2 milli
Full Year Net Income of $53.4 Million 2023 Results Include an $11.0 Million After-tax Loss Resulting from a Fourth Quarter Balance Sheet Repositioning Strategy, and $8.3 Million of After-tax Maui Wildfire-Related Expenses Balance Sheet Repositioning Strategy Strengthens Balance Sheet and Positions Bank for Improved Net Interest Margin and Profitability Bank Maintains a Strong Liquidity Position and the Support of a Loyal, Long-tenured Deposit Base Continued Strong Credit Quality and Capital Position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported 2023 net income of $53.4 million, compared to $80
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its fourth quarter and full year 2023 financial results on Tuesday, February 13 and conduct a webcast and conference call to discuss the results at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its fourth quarter and full year 2023 financial results on Tuesday, January 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on
3Q23 Net Income of $41.1M and Diluted Earnings Per Share (EPS) of $0.37 $27.6M of Pre-tax Maui Wildfire-Related Expenses Core Businesses Performing Well Solid Credit Quality and Capital Position at ASB Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the third quarter of 2023 of $41.1 million and EPS of $0.37 compared to $62.1 million and EPS of $0.57 for the third quarter of 2022. Core net income and core EPS1 for the third quarter were $61.5 million and $0.56, respectively. "Our hearts are with the people of Maui, and we remain committed to supporting the recovery and rebuild effort. We have a long road ahead as we work t
Wells Fargo upgraded Hawaiian Electric from Underweight to Equal Weight and set a new price target of $14.00
Wells Fargo downgraded Hawaiian Electric from Equal Weight to Underweight and set a new price target of $8.50 from $8.00 previously
Wells Fargo upgraded Hawaiian Electric from Underweight to Equal Weight and set a new price target of $8.00 from $25.00 previously
BofA Securities downgraded Hawaiian Electric from Neutral to Underperform and set a new price target of $43.00
Guggenheim upgraded Hawaiian Electric from Sell to Neutral and set a new price target of $41.00
Evercore ISI Group upgraded Hawaiian Electric Indus from Underperform to In-Line and set a new price target of $45.00
BofA Securities upgraded Hawaiian Electric from Underperform to Neutral and set a new price target of $36.00 from $35.00 previously
Bank of America upgraded Hawaiian Electric Industries from Underperform to Neutral
Guggenheim downgraded Hawaiian Electric from Neutral to Sell and set a new price target of $30
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
4 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
3 - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Issuer)
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE:HE) investors that a lawsuit filed on behalf of investors that purchased Hawaiian Electric securities between February 28, 2019 and August 16, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary cas
HEI Chief Financial Officer Paul Ito to Become CFO of Hawaiian Electric Company Through Approximately December 31, 2024, Following Planned Retirement of Tayne Sekimura Utility Industry Veteran Scott DeGhetto to Join HEI as CFO Until Ito Resumes Position Hawaiian Electric Industries, Inc. (NYSE:HE) ("HEI"), today announced the following leadership plans at HEI and Hawaiian Electric Company, Inc. ("Hawaiian Electric"), a subsidiary of HEI, effective October 1, 2023: Hawaiian Electric SVP, CFO & Treasurer Tayne Sekimura will retire on September 30, 2023, after 32 years of service. Sekimura's retirement plans were announced internally early this year. Hawaiian Electric is at an unprec
A&B's planned leadership transition continues with the appointment of Lance Parker as a director HONOLULU, June 30, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced that Shelee Kimura has been appointed to serve on its Board of Directors, effective July 1, 2023. Kimura joins the Board after the departure of Michele Saito, who has been a director since 2012. "I am so pleased to welcome Shelee Kimura to our Board of Direct
HONOLULU, Jan. 3, 2023 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE), the parent company to Hawaiian Electric Company, Inc. (Hawaiian Electric) and American Savings Bank, F.S.B. (ASB), has appointed Paul K. Ito as executive vice president and chief financial officer (CFO), effective January 1, 2023. Ito has been serving as HEI's interim CFO since July 2022. Ito was selected following a broad, national search conducted by the HEI leadership team and its board of directors. Ito has been with HEI since 2018, where he has served as vice president of tax, contr
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell sharply during Monday’s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world. Selective Insurance Group shares dipped 13.2% to $264.65 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2. CareMa
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday. The Dow traded down 0.91% to 40,293.66 while the NASDAQ fell 0.70% to 17,746.27. The S&P 500 also fell, dropping, 0.61% to 5,510.84. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks Delivering High-Dividend Yields Leading and Lagging SectorsHeath care shares jumped by 0.5% on Thursday. In trading on Thursday, information technology shares fell by 1%. Top Headline Netflix Inc. (NASDAQ:NFLX) posted better-than-expected earnings and sales results for its second quarter, after the closing bell on Thursday. The company ende
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 300 points on Friday. The Dow traded down 0.78% to 40,347.51 while the NASDAQ fell 0.29% to 17,819.43. The S&P 500 also fell, dropping, 0.29% to 5,528.67. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks Delivering High-Dividend Yields Leading and Lagging SectorsCommunication services shares jumped by 0.7% on Thursday. In trading on Thursday, materials shares fell by 1%. Top Headline Schlumberger N.V. (NYSE:SLB) reported better-than-expected second-quarter results. The company said revenue increased 13% year-over-year to $9.139 billion, beating
Hawaiian Electric Industries, Inc. (NYSE:HE) shares are surging today following a report suggesting the company reached a settlement plan over the Maui wildfires. Hawaiian Electric Industries is among the companies that have tentatively agreed to pay over $4 billion to resolve hundreds of lawsuits, Bloomberg reported, citing people familiar with the deal. Hawaiian Electric is responsible for roughly $1.5 billion of the settlement, with the shares of other companies still being determined. The settlement is set to be paid out over four years, the report further noted. The proposed settlement, pending final approval, aims to resolve lawsuits from thousands of homeowners and businesses
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday. Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat quarterly results. Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro. Western Alliance Bancorporation shares gained 7.2% to $76.16 on Friday. Here are some other big stocks recording gains in today’s session. Hawaiian Electric Industries, Inc. (NYSE:HE) shares
CRWD: -21% | CrowdStrike shares are trading lower after the company suffered major outage impacting businesses around the world. SERV: 92% | Nvidia On Thursday Disclosed A Stake of 62,500( Shares At Avg Price of $4/Share HE: 50% | Hawaiian Electric Industries shares are trading higher following a report suggesting the company reached a settlement plan over the Maui wildfires.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results. Intuitive Surgical reported second-quarter revenue of $2.01 billion, beating the consensus estimate of $1.97 billion. The robotic-assisted surgery company reported quarterly adjusted earnings of $1.78 per share, beating analyst estimates of $1.54 per share. Intuitive Surgical shares jumped 6.7% to $444.00 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Serve Robotics Inc. (NASDAQ:SERV) gained 68.4% to $4.43 in pre-market trading after gaining over 12% on Thursday.
Continued Strength of Utility and Bank Operations Quarter's Results Include Accrual for Previously-Announced Tort Litigation Settlement and Bank's Goodwill Impairment Settlement Will Help Communities to Move Forward and Aid Rebuilding 2Q24 Net Loss of $1.30 billion, or $11.74 per share, Includes Accrual of Estimated Wildfire Liabilities From Tort-related Legal Claims Quarter's Results Also Include Bank's Goodwill Impairment Related to HEI's Ongoing Review of Strategic Options for ASB Excluding Accrual of Estimated Wildfire Liabilities, ASB's Goodwill Impairment, and Other Maui Wildfire-Related Expenses, Results Were Solid for the Quarter, with Core Net Income and Core EPS1 of $
Hawaiian Electric Industries, Inc. (NYSE:HE) ("HEI"), today announced that HEI and its subsidiary, Hawaiian Electric Company, Inc. ("Hawaiian Electric"), and other parties have reached an agreement in principle to settle all tort claims related to the August 2023 wildfires on Maui. HEI and Hawaiian Electric, the State of Hawaiʻi, the County of Maui, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom and Spectrum/Charter Communications have agreed on the terms of a proposed settlement with the lead attorneys for individual and class plaintiffs. Under the proposed terms, which remain subject to final documentation and court approval and do not include any admission of liability, the de
2Q 2024 net loss of $45.8 million reflects after-tax goodwill impairment of $66.1 million in connection with HEI's ongoing review of strategic options for ASB Excluding the non-cash goodwill impairment, and excluding after-tax Maui wildfire-related expenses of $0.3 million, ASB's core net income1 for the second quarter was $20.7 million, compared to $20.9 million in the first quarter of 2024 and $20.2 million in the second quarter of 2023 Non-cash goodwill impairment has no impact on ASB's liquidity or ability to serve customers' financial needs Net interest margin expanded to 2.79%, up 4 basis points from the prior quarter Strong credit quality and another release of reserves
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its second quarter 2024 financial results on Friday, August 9 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its second quarter 2024 financial results on Tuesday, July 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at www.hei.com under
On June 27, 2024 Hawaiian Electric Company, Inc. (Hawaiian Electric), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI), received approval from the Public Utilities Commission (PUC) for an asset-based lending facility credit agreement (ABL Credit Facility Agreement) that allows short-term borrowings of up to $250 million on a revolving basis using certain accounts receivable as collateral. The ABL Credit Facility Agreement is described in detail in HEI's form 8-K filed with the Securities and Exchange Commission on May 23, 2024. "We appreciate the PUC's approval on the expedited schedule Hawaiian Electric had requested. An accounts receivable facility is a tool commonly
1Q24 Net Income of $42.1 million and Diluted Earnings Per Share (EPS) of $0.38 Utility Continues to Operate Efficiently While Advancing Wildfire Mitigation and Resilience Efforts One ‘Ohana Initiative Progressing, With 43 Decedent and 15 Physical Injury Registrants to Date Bank's Strategic Balance Sheet Repositioning Executed in the Previous Quarter Contributed to Improved Profitability and Net Interest Margin Bank's Release of Maui Wildfire-Related Reserves Reflects Better Outlook for Maui Economy Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the first quarter of 2024 of $42.1 million and EPS of $0.38 compared
1Q 2024 Net Income of $20.9 million, an increase of 12.8% from 1Q 2023 Strategic Balance Sheet Repositioning Executed in the Fourth Quarter of 2023 Contributed to Improved Profitability and Net Interest Margin Expansion Release of Maui Wildfire-Related Reserves Reflects Brighter Outlook for Maui Economy Strong Credit Quality, Liquidity and Capital Position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported first quarter 2024 net income of $20.9 million compared to $3.2 million in the fourth quarter of 2023 and $18.6 million in the first quarter of 2023. Net income for the quarter reflected the rel
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its first quarter 2024 financial results on Friday, May 10 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its first quarter 2024 financial results on Tuesday, April 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at www.hei.com under "I
Full Year Net Income of $199.2 million and Diluted Earnings Per Share (EPS) of $1.81 2023 Results Include $14.1 Million of After-tax Maui Wildfire-Related Expenses and an $11.0 Million After-tax Loss Resulting from ASB's Fourth Quarter Balance Sheet Repositioning Core Businesses Continue to Perform Well Utility Continuing to Progress Resilience Work in West Maui ASB's Balance Sheet Repositioning Strengthens Balance Sheet and Positions Bank for Improved Net Interest Margin and Profitability Strong Credit Quality and Capital Position at ASB Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported full year 2023 consolidated net income for common stock of $199.2 milli
Full Year Net Income of $53.4 Million 2023 Results Include an $11.0 Million After-tax Loss Resulting from a Fourth Quarter Balance Sheet Repositioning Strategy, and $8.3 Million of After-tax Maui Wildfire-Related Expenses Balance Sheet Repositioning Strategy Strengthens Balance Sheet and Positions Bank for Improved Net Interest Margin and Profitability Bank Maintains a Strong Liquidity Position and the Support of a Loyal, Long-tenured Deposit Base Continued Strong Credit Quality and Capital Position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported 2023 net income of $53.4 million, compared to $80