HE - Hawaiian Electric GAAP EPS of $0.52 misses by $0.02 revenue of $924.95M misses by $235.05M

• Hawaiian Electric press release ( NYSE: HE ): Q4 GAAP EPS of $0.52 misses by $0.02 .
• Revenue of $924.95M (+33.4% Y/Y) misses by $235.05M .
• As of December 31, 2022 and compared to December 31, 2021: Total earning assets were $9.1 billion, up 7.2%; Total loans were $6.0 billion, up 15%; and Total deposits were $8.2 billion, a decrease of 0.03%.
• The average cost of funds was 0.16% for the full year 2022, 10 basis points higher than the prior year.
• ASB’s return on average equity for the full year 2022 was 14.1% compared to 13.8% in 2021. Return on average assets for the full year was 0.86% in 2022 compared to 1.15% in 2021.

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