HE - Earnings announcements

Pivotal Milestone Achieved as Global Wildfire Tort Litigation Settlement Finalized; HEI and Hawaiian Electric Issued First of Four $479 Million Settlement Payments in April Following Finalization of Global Settlement, Moody's Upgraded HEI and Hawaiian Electric's Credit Ratings to Ba2 and Ba1, Respectively Core Operations Performing Well, as Utility Continues to Make Critical Investments in Our Communities Quarter's Results Reflect Higher Operations and Maintenance Expenses Driven by Storm Response and Previously-deferred Insurance Costs Maintaining Strong Liquidity and Capital Position, With Enterprise-wide Liquidity of Approximately $1.5 Billion as of Quarter-end HEI an

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its first quarter 2026 financial results on Friday, May 8 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay will be available on HEI

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its fourth quarter and full year 2025 financial results on Friday, February 27 and conduct a webcast and conference call to discuss the results at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay wil

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its third quarter 2025 financial results on Friday, November 7 and conduct a webcast and conference call to discuss the results at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay will be available o

Utility Continues to Improve the Safety, Reliability and Resilience of Service to Our Communities Through Advancement of Wildfire Safety Strategy Legislation Signed Into Law by Governor Green Appropriates Funds for the State's Contribution to the Maui Wildfire Tort Litigation Settlement, Directs the Public Utilities Commission to Establish an Aggregate Liability Cap for Economic Damages from Future Wildfires, Authorizes Securitization for Infrastructure Resilience Investments and Supports Reliable, Affordable Clean Energy Procurement Continued Progress Toward a Simpler, More Focused Business With Sale of Pacific Current's Solar and Battery Storage Assets Quarter's Results Reflect $

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its second quarter 2025 financial results on Thursday, August 7 and conduct a webcast and conference call to discuss the results at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay will be available

Critical Legislation Passed by Hawaii State Legislature HB 1001, Appropriating Funds for the State's Contribution to the Maui Wildfire Tort Litigation Settlement SB 897, Directing the Public Utilities Commission to Establish an Aggregate Liability Cap for Economic Damages from Future Wildfires SB 1501, Protecting Reliable, Affordable Clean Energy Procurement, Supporting Advancement Toward Hawaii's Decarbonization and RPS Goals Holding Company Completed Debt Reduction in April With Proceeds from American Savings Bank Sale Pacific Current Completed Sale of Largest Asset, Hamakua Energy; Quarter's Results Reflect $13 Million Pre-tax Loss on Sale of Hamakua Hawaiian Electric Indu

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its first quarter 2025 financial results on Friday, May 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). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay will be available on HEI's

Favorable Hawaii Supreme Court Decision Provides Clarity Needed to Help Finalize Maui Tort Litigation Settlement Strong Execution on Strategic Priorities in a Pivotal Year Definitive Settlement Agreements Reached in Maui Wildfire Tort Litigation Sale of 90.1% of American Savings Bank Simplified HEI's Strategy and Regulatory Position While Allowing Enhanced Focus on Utility Business; Proceeds Will Be Used to Reduce Debt Rapid Implementation of Utility Wildfire Mitigation Efforts: Grid Hardening and Redesign, Improved Situational Awareness and Operational Practices, and Enhanced Stakeholder Engagement Efforts Implemented to Reduce Risk Utility Achieved a 36% Renewable Portfolio Sta

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its fourth quarter and full year 2024 financial results on Friday, February 21 and conduct a webcast and conference call to discuss the results at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time). 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 "Investor Relations," sub-heading "News and Events – Events and Presentations." A replay will be available online and via phone. The online replay wil

Signed Settlement Agreements a Key Milestone in Efforts to Regain HEI's Financial Strength 2Q Going Concern Matter Resolved Utility and Bank Operations Remain Solid On November 4, HEI and Other Parties Finalized the Settlement Agreements to Resolve the Maui Wildfire Tort Litigation 3Q24 Net Loss of $104.4 million, or $0.91 Per Share, Includes an Additional $203.0 million ($150.7 million after tax) Accrual for Estimated Wildfire Liabilities From Tort-Related Legal Claims1, and a $35.2 million ($26.1 million after tax) Asset Impairment at Pacific Current Excluding the Additional Accrual of Estimated Wildfire Liabilities, Pacific Current Asset Impairment and Other Maui Wildfire-Related

3Q 2024 Net Income of $18.8 million Net interest margin expanded to 2.82%, up 3 basis points from the prior quarter 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 third quarter 2024 net income of $18.8 million, compared to a net loss of $45.8 million in the second quarter of 2024 and net income of $11.4 million in the third quarter of 2023. Core net income1 for the quarter was $19.4 million, compared to $20.7 million in the second quarter and $17.6 million in the third quarter of last year. "American Savings Bank continues to perform well, generating

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its third quarter 2024 financial results on Friday, November 8 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 third quarter 2024 financial results on Wednesday, October 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 u

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

3Q 2023 Net Income of $11.4 million $8.6 Million of Maui Wildfire-Related Expenses, Including $5.9 Million of Additional Provision Solid Credit Quality and Capital Position Liquidity Remains Strong American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2023 net income of $11.4 million, compared to $20.2 million in the second quarter of 2023 and $20.8 million in the third quarter of 2022. Core net income1 for the third quarter of 2023 was $17.6 million. "American Savings Bank continues to be well-positioned to support our community with a strong capital position, excellent credit quality, lendin

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its third quarter 2023 financial results on Thursday, November 9 and conduct a webcast and conference call to discuss third quarter earnings, 2023 earnings guidance and regulatory and other matters 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 third quarter 2023 financial results on Monday, October 30. HEI 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 c

2Q23 Net Income of $54.6M and Diluted Earnings Per Share (EPS) of $0.50 Utility Progressing Clean Energy Transition and Executing Well on Capital Plan Bank Results Reflect Solid Credit Quality, Strong Capital Position and Ample Liquidity Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2023 of $54.6 million and EPS of $0.50, compared to $52.5 million and EPS of $0.48 for the second quarter of 2022. "We executed well across the enterprise at both our utility and bank this quarter despite a challenging operating environment," said Scott Seu, HEI president and CEO. "Our utility grew net income to $45.3 mi

2Q 2023 Net Income of $20.2 million Credit Quality Remains Solid Strong Capital Position with Ample Liquidity American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported second quarter 2023 net income of $20.2 million, compared to $18.6 million in the first quarter of 2023 and $17.5 million in the second quarter of 2022. "Our team delivered solid results in the second quarter, growing net income to $20.2 million," said Ann Teranishi, president and chief executive officer of ASB. "Credit quality remains strong, indicative of the continued strength and resilience of Hawaii's economy, consumers, and businesses. ASB's

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its second quarter 2023 financial results on Monday, August 7. In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its second quarter 2023 financial results on Friday, July 28. HEI will conduct a webcast and conference call to discuss second quarter 2023 consolidated earnings, 2023 earnings guidance and regulatory and other matters on Monday, August 7 at 10:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-833-470-1428 (U.S.) or +1-929-526-1599 (international) and enter passcode 910697. Parties may also access presentation materia

1Q23 Net Income of $54.7M and Diluted Earnings Per Share (EPS) of $0.50 Utility Executing Well and Continuing to Operate Efficiently Bank Results Reflect Solid Credit Quality, a Strong Capital Base and Ample Liquidity Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the first quarter of 2023 of $54.7 million and EPS of $0.50 compared to $69.2 million and EPS of $0.63 for the first quarter of 2022. "Our results for the quarter reflect good execution from across our enterprise, with the bank's low-risk, conservative business model and the stability of Hawaii's banking market proving their benefits during a quarter that sa

1Q 2023 Net Income of $18.6 million Solid Credit Quality, Strong Capital Base and Ample Liquidity American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported first quarter 2023 net income of $18.6 million, compared to $17.9 million in the fourth quarter of 2022 and $23.9 million in the first quarter of 2022. "The bank delivered solid results for the quarter, growing net income over the previous quarter to $18.6 million," said Ann Teranishi, president and chief executive officer of ASB. "Although we've seen a few mainland banks experience challenges in recent months, our capital levels remain strong, well above regula

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its first quarter 2023 financial results on Tuesday, May 9. In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its first quarter 2023 financial results on Friday, April 28. HEI will conduct a webcast and conference call to discuss first quarter 2023 consolidated earnings, 2023 earnings guidance and regulatory and other matters on Tuesday, May 9 at 10:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-833-470-1428 (U.S.) or +1-929-526-1599 (international) and enter passcode 795993. Parties may also access presentation materials and

Full Year Net Income of $241.1 million and Diluted Earnings Per Share (EPS) of $2.20 Quarterly Dividend Increased to $0.36 Per Share 2022 Highlights: Net income of $241.1 million and EPS of $2.20 highlight continued strategic benefits from HEI's combination of companies Hawaiian Electric delivered solid financial performance under first full year of Performance Based Regulation (PBR) and made strong progress on its renewables goals Delivered earnings growth in first full year under new regulatory construct Operated efficiently, managing expenses well in inflationary environment while assisting our customers most impacted by historically high oil prices Ended use of coal for powe

Full Year 2022 Performance Highlights Executed on market opportunities, growing loans by 15%, the strongest in over a decade Strong credit quality drove 0.03% net charge off ratio (lowest since 2014), and low provision for credit losses ($2 million) Net interest income up 6.5% versus 2021 Net interest margin remained strong at 2.89% Continued strong capital and liquidity position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported 2022 net income of $80.0 million, compared to $101.2 million in 2021. Net income for 2021 reflected a $25.8 million negative provision for credit losses following large provis

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its fourth quarter and full year 2022 financial results on Tuesday, February 14. In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its fourth quarter and full year 2022 financial results on Monday, January 30. HEI will conduct a webcast and conference call to discuss fourth quarter and full year 2022 consolidated earnings, 2023 earnings guidance and regulatory and other matters on Tuesday, February 14 at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) and enter passcode 8

3Q22 Net Income of $62.1M and Diluted Earnings Per Share (EPS)1 of $0.57 Utility Performance Steady Despite Inflationary Environment Strong Bank Results Reflect Continued Net Interest Margin Expansion, Strong Loan Growth and Favorable Credit Trends HONOLULU, Nov. 7, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the third quarter of 2022 of $62.1 million and EPS of $0.57 compared to $63.4 million and EPS of $0.58 for the third quarter of 2021.  "Hawaii's economy continues to show signs of strength, with unemployment, housing prices and tourism arrivals still trending favorably despite global macro uncertain

3Q 2022 Net Income of $20.8 million Continued Net Interest Margin Expansion, Strong Loan Growth and Favorable Credit Trends HONOLULU, Oct. 28, 2022 /PRNewswire/ -- American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), today reported third quarter 2022 net income of $20.8 million, compared to $17.5 million in the second, or linked quarter of 2022 and $19.3 million in the third quarter of 2021.   "We are pleased with the bank's solid results for the third quarter and year to date," said Ann Teranishi, president and chief executive officer of ASB. "We again saw broad-based loan growth during the quarter, reflecting great work by our te

HONOLULU, Oct. 14, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) will announce its third quarter 2022 financial results on Monday, November 7. In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its third quarter 2022 financial results on Friday, October 28. HEI will conduct a webcast and conference call to discuss third quarter 2022 consolidated earnings, 2022 earnings guidance and regulatory and other matters on Monday, November 7 at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) and enter passcode 162868. Parties

2Q22 Net Income of $52.5M and Diluted Earnings Per Share (EPS)1 of $0.48 Utility Performing Well Despite Inflationary Environment Bank Results Reflect Strong Loan Growth, Expanding Net Interest Margin, Favorable Credit Trends and More Normalized Provision HONOLULU, Aug. 8, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2022 of $52.5 million and EPS of $0.48 compared to $63.9 million and EPS of $0.58 for the second quarter of 2021. The lower net income was due primarily to the prior year's negative provision for credit losses at American Savings Bank, and the return to a more normalized

2Q 2022 Net Income of $17.5 million Strong Loan Growth, Expanding Net Interest Margin, Favorable Credit Trends and More Normalized Provision HONOLULU, July 29, 2022 /PRNewswire/ -- American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), today reported second quarter 2022 net income of $17.5 million. ASB grew net interest income compared to the first quarter of 2022 and the second quarter of 2021, benefiting from strong loan growth and a rising interest rate environment, while credit quality has improved. With the bank's loan growth, the quarter also saw a return to a more normalized provision expense following five consecutive quarters

HONOLULU, July 15, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) will announce its second quarter 2022 financial results on Monday, August 8. In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its second quarter 2022 financial results on Friday, July 29. HEI will conduct a webcast and conference call to discuss second quarter 2022 consolidated earnings, 2022 earnings guidance and regulatory and other matters on Monday, August 8 at 10:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) and enter passcode 638186. Parties may

1Q22 Net Income of $69.2M and Diluted Earnings Per Share (EPS)1 of $0.63 Utility Performing Well and Progressing Climate Action Goals Bank Results Reflect Solid Credit Quality, Stable Net Interest Margin and Improving Bank Environment HONOLULU, May 9, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today reported consolidated net income for common stock for the first quarter of 2022 of $69.2 million and EPS of $0.63 compared to $64.4 million and EPS of $0.59 for the first quarter of 2021. "We're pleased with our consolidated first quarter results, with solid performance across our enterprise," said Scott Seu, HEI president and CEO. "The utility is executing well unde

1Q 2022 Net Income of $23.9 million Solid Credit Quality, Stable Net Interest Margin and Improving Bank Environment HONOLULU, April 29, 2022 /PRNewswire/ -- American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), today reported first quarter 2022 net income of $23.9 million, compared to $22.1 million in the fourth, or linked quarter of 2021 and $29.6 million in the first quarter of 2021. "Our results reflect good execution in an improving banking environment," said Ann Teranishi, president and chief executive officer of American Savings Bank. "Earning asset yields are starting to improve as a result of the rising interest rate enviro

HONOLULU, April 18, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) will announce its first quarter 2022 financial results on Monday, May 9. In addition, American Savings Bank, F.S.B. (American), a wholly owned indirect subsidiary of HEI, will announce its first quarter 2022 financial results on Friday, April 29. HEI will conduct a webcast and conference call to discuss first quarter 2022 consolidated earnings, 2022 earnings guidance and regulatory and other matters on Monday, May 9 at 10:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or 1-929-526-1599 (international) and enter passcode 275546. Parties may al

HONOLULU, Jan. 28, 2022 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), today reported 2021 net income of $101.2 million, compared to $57.6 million1 in 2020. "We're pleased with our 2021 results, which reflect strong performance by our teammates, solid credit quality, an improving Hawaii economy and robust earning asset growth.  We made major strides in our digital transformation and remain focused on making banking easy anytime and anywhere for our customers," said Ann Teranishi, president and chief executive officer of American Savings Bank. "Our strong performance was matched with our continued commitment

HONOLULU, Jan. 14, 2022 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) will announce its fourth quarter and full year 2021 financial results on Monday, February 14. In addition, American Savings Bank, F.S.B. (American), a wholly owned indirect subsidiary of HEI, will announce its fourth quarter and full year 2021 financial results on Friday, January 28. HEI will conduct a webcast and conference call to discuss fourth quarter and full year 2021 consolidated earnings, 2022 earnings guidance and regulatory and other matters on Monday, February 14 at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or 1-929-526-15

HONOLULU, Nov. 5, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock of $63.4 million for the third quarter of 2021 and EPS of $0.58 compared to $65.0 million and EPS of $0.59 for the third quarter of 2020. "We're pleased with our consolidated third quarter results, with the utility achieving its efficiency targets and delivering good performance in line with expectations, and solid profitability at the bank," said Constance H. Lau, HEI president and CEO. "Following a sharp decline in new COVID-19 case counts, the governor's recent announcement encouraging visitors to return is a positive sign for our local econom

HONOLULU, Oct. 29, 2021 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported net income of $19.3 million for the third quarter of 2021, compared to $30.3 million in the second quarter of 2021 and $12.2 million in the third quarter of 2020. "We're pleased with our financial results for the third quarter, which reflect continued solid performance and good credit quality, the latter of which drove an additional release of reserves. The governor's recent announcement encouraging visitors to return is a positive sign for our local economy and community," said Ann Teranishi, president and chief execut

HONOLULU, Oct. 15, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) will announce its third quarter 2021 financial results on Friday, November 5. In addition, American Savings Bank, F.S.B. (American), a wholly owned indirect subsidiary of HEI, will announce its third quarter 2021 financial results on Friday, October 29. HEI will conduct a webcast and conference call to discuss third quarter 2021 consolidated earnings, 2021 earnings guidance and regulatory and other matters on Friday, November 5 at 10:15 a.m. Hawaii time (4:15 p.m. Eastern time). To listen to the conference call, dial 1-844-200-6205 (U.S.) or 1-929-526-1599 (international) and enter passcode 18169

HONOLULU, Aug. 9, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2021 of $63.9 million and EPS of $0.58 compared to $48.9 million and EPS of $0.45 for the second quarter of 2020. "HEI delivered strong consolidated financial results in the second quarter as Hawaii's economy strengthened and as we advanced key priorities across our enterprise," said Constance H. Lau, HEI president and CEO. "At our utility the new performance-based regulation (PBR) framework is now fully in effect as of June 1, and we've begun delivering savings from our cost management program to our customers. We rema

SAN FRANCISCO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Sunrun Inc. (NASDAQ:RUN), the nation's leading provider of residential solar, storage and energy services, today announced that Mary Powell, a Sunrun Director and former President and CEO of Green Mountain Power, will become the Company's next Chief Executive Officer, effective August 31, 2021. Powell will succeed Sunrun co-founder Lynn Jurich, who is transitioning to Executive Co-Chair of the Board after building and leading the Company for nearly a decade as CEO. As Executive Co-Chair, Jurich will work closely with Powell and the senior management team to ensure a smooth and successful transition, as well as to accelerate innovation for f

HONOLULU, July 30, 2021 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), today reported net income for the second quarter of 2021 of $30.3 million, compared to $29.6 million in the first, or linked quarter of 2021 and $14.0 million in the second quarter of 2020. "We're pleased with our financial results in the second quarter, which reflect the strengthening local economy, solid execution and our continuing efforts to work closely with our customers. Our results benefited from another reduction of reserves for credit losses, driven by the improving economy and credit quality," said Ann Teranishi, president and