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Sep 30, 2022
Hawaiian Electric Q3 2022 Earnings Report
Hawaiian Electric Industries reported steady utility performance despite inflation and strong bank results due to net interest margin expansion, loan growth, and favorable credit trends.
Key Takeaways
Hawaiian Electric Industries, Inc. (HEI) reported a consolidated net income for common stock of $62.1 million and EPS of $0.57 for the third quarter of 2022, compared to $63.4 million and EPS of $0.58 for the third quarter of 2021. The utility successfully mitigated many of the impacts of the current higher cost environment and continued its strong progress in our clean energy transition. The bank had another strong quarter with broad-based loan growth and positive credit trends.
Consolidated net income for Q3 2022 was $62.1 million, with an EPS of $0.57.
Utility performance remained steady despite the inflationary environment.
Bank results were strong, driven by net interest margin expansion, loan growth, and favorable credit trends.
Hawaii's economy shows signs of strength with favorable trends in unemployment, housing prices, and tourism arrivals.
Revenue by Segment
Forward Guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2022 earnings guidance and outlook on Monday, November 7, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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