UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Exact Name of Registrant Commission I.R.S. Employer as Specified in Its Charter File Number Identification No. Hawaiian Electric Industries, Inc. 1-8503 99-0208097 Hawaiian Electric Company, Inc. 1-4955 9 ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q4 2023 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, Investor Relations Scott Seu - President and Chief Executive Officer Scott Deghetto - Executive Vice President, Chief Financial Officer and Treasurer Shelee Kimura - President and Chief Executive Officer, Hawaiian Electric Company, Inc. Paul Ito - SVP, Chief Financial Officer and Treasurer, Hawaiian Electric Company, Inc. Ann Teranishi - American Savings Ba ...

Unemployment Rate & Visitor Arrivals (In millions) Visitor Arrivals Unemployment Rate $25,000 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|----------------------------------------------|-------------------|------------|-----------------|---------|--------|--------------------------|-----------------|-------| | | | | | | | | | | | | (In thousands ) 12,000 | Full year 2023: 9.6M | Dec. 2023: 2.9% | % 14 | | | | | $19,699 $20,777 | | | 10,000 | | | 12 | $20,000 | $17 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Exact Name of Registrant as Specified in Its Charter Commission File Number I.R.S. Employer Identification No. HAWAIIAN ELECTRIC INDUSTRIES, INC. 1-8503 99-0208097 and Principal Subsidiary HAWAII ...

1. Includes other post-employment benefits and excludes pension nonservice retirement benefits. Stable NIM Compared to Peers Despite Industry-wide Impacts from Higher Funding Costs | --- | --- | --- | |------------------------------|---------|---------------------| | Fire Impact Zone \nLoan Type | Balance | Total \nExposure 1 | | Resi 1-4 | $16.3 | $16.3 | | HELOC 1st Lien | $1.8 | $5.4 | | HELOC 2nd Lien | $2.2 | $5.0 | | Cons. Unsec., Credit Scored | $5.1 | $7.5 | | Commercial & Industrial | $6.1 | $6.1 | ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Mateo Garcia – Director-Investor Relations Scott Seu – President and Chief Executive Officer Scott Deghetto – Executive Vice President, Chief Financial Officer and Treasurer Shelee Kimura – President and Chief Executive Officer-Hawaiian Electric Company, Inc. Paul Ito – Chief Financial Officer Conference Call Participants Mike Lonegan – Evercore Julien Dumoulin-Smith – Bank of Ameri ...

HEI 2Q23 Financial Results August 7, 2023 2 Progressing decarbonization while laying the groundwork for reliable, resilient and affordable clean energy ✓ Filed final Integrated Grid Plan (IGP) in May ✓ Stage 3 RFP progressing, bids being evaluated • Ahead of schedule on smart meter deployment; 285k advanced meters now service 60% of customers ASB continues to be well-positioned within the industry, performing well in Hawaii's stable banking market ✓ Excellent credit quality • Liquidity approximately 3x unin ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q2 2023 Earnings Conference Call August 7, 2023 4:15 PM ET Company Participants Mateo Garcia - Investor Relations Scott Seu - President and Chief Executive Officer Paul Ito - Chief Financial Officer Shelee Kimura - President and Chief Executive Officer, Hawaiian Electric Ann Teranishi - President and Chief Executive Officer, American Savings Bank Conference Call Participants Julien Dumoulin-Smith - Bank of America Paul Patterson - Glenrock Associates Jonathan Ree ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Exact Name of Registrant as Specified in Its Charter Commission File Number I.R.S. Employer Identification No. HAWAIIAN ELECTRIC INDUSTRIES, INC. 1-8503 99-0208097 and Principal Subsidiary HAWAIIAN EL ...

Financial Data and Key Metrics Changes - The company reported consolidated net income of $54.7 million and earnings per share (EPS) of $0.50, compared to $69.2 million and EPS of $0.63 in the same quarter last year [38][39] - The return on equity (ROE) for the last 12 months remains healthy at 10%, down from 10.9% last year due to lower bank earnings [39] - Utility ROE improved by 10 basis points to 8.2% [39] Business Line Data and Key Metrics Changes - The utility segment grew net income to $47 million despite elevated costs from storms during the quarter [6] - American Savings Bank (ASB) generated net income of $18.6 million, showing growth over the fourth quarter of the previous year [6] - ASB's total deposits were up 0.7% since the end of last year, indicating stability in the deposit base [19] Market Data and Key Metrics Changes - Hawaii's unemployment rate improved to 3.5% in March, aligning with the national average [11] - Visitor spending in Hawaii increased over 20% compared to last year and over 23% compared to pre-pandemic levels [12] - Visitor arrivals in March reached approximately 901,000, a 14% increase from last year and a 97% recovery from March 2019 [37] Company Strategy and Development Direction - The Integrated Grid Plan (IGP) identifies four key objectives for the next five years, including stabilizing utility rates and advancing energy equity [7] - The company is focused on integrating more renewables while improving grid reliability and resilience [32] - ASB's conservative banking model, characterized by a high percentage of retail deposits, positions it well in Hawaii's unique banking market [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about credit quality trends and the overall economic environment in Hawaii, driven by tourism recovery and military construction spending [67] - The company expects net interest margin (NIM) for the year to be lower than previously anticipated, now projected at 2.8% to 2.9% [63] - Management remains focused on managing operating and maintenance expenses within inflationary adjustments allowed under the annual revenue adjustment [41] Other Important Information - Utility capital expenditures (CapEx) for the quarter were $112 million, nearly double that of the first quarter of 2022 [16] - The company continues to connect renewable projects to its grid, with significant progress made in deploying smart meters [8][34] Q&A Session Summary Question: Changes in uninsured deposits behavior - Management noted no unusual changes in customer behavior regarding uninsured deposits during the quarter [52] Question: Core deposits and CDs trends - Average deposits declined by about $76 million in April, attributed to tax payments [56] Question: Rate differential for CDs versus regular deposits - The rate differential is about 1.25% between CD rates and regular deposits [71] Question: Impact of potential increase in FDIC insurance - Management indicated that the percentage of uninsured deposits would likely decrease if FDIC insurance were doubled [83] Question: Vacancy issues in commercial real estate - The overall occupancy in Hawaii remains strong, with no significant vacancy issues reported [84]