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American Savings Bank

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  1. Management Meeting: Low Maui ROE Not Likely to Affect Future HEI Rate Cases

    Commentary

    Thu, 14 Nov 2013

    award industry-average ROEs near 10% for future rate cases. We also discussed the conservative operations of American Savings Bank and why management believes it is beneficial to the value of HEI. The bank remains a confusing story for utilities

  2. HEI Reports Flattish 3Q; Renewable Integration Could Support Higher Allowed ROEs

    Commentary

    Fri, 8 Nov 2013

    each end and now expects them to contribute $1.18 to $1.22 per share. HEI raised its earnings guidance for American Savings Bank to $0.56 to $0.58 per share from $0.54 to $0.57 per share. The increase was driven by lower loan loss

  3. HEI Reports Good Quarter; Low ROE from Unrealistic Renewable Integration Expectation a Concern

    Commentary

    Thu, 8 Aug 2013

    compared to $1.23-$1.29. Rate base growth of 5% and O&M escalation of flat to 1% higher were unchanged. American Savings Bank contributed $0.16 per share in the second quarter, $0.01 higher than the same period last year. The bank

  4. Hawaiian Electric Industries Reports Solid Third Quarter

    Commentary

    Thu, 15 Nov 2012

    interest rate environment, net interest margin fell at American Savings Bank . However, loan growth was solid and loan loss ..... required to meet Hawaii's mandate for renewables. American Savings Bank contributed $0.15 per share to consolidated earnings

  5. Fully Decoupled Hawaiian Electric Continues Low-Risk Strategy

    Commentary

    Wed, 9 May 2012

    of costs at its HECO Oahu utility. Meanwhile, American Savings Bank continued to execute its strategy to grow its loan ..... if the Hawaiian economy were to roll back over. American Savings Bank is doing a good job of growing its loan portfolio

  6. Hawaiian Electric Recovers in Q2

    Commentary

    Fri, 8 Aug 2008

    should relieve some of the intense operating pressure that has driven up costs at the firm's current facilities. American Savings Bank showed resilience in the quarter, as net interest margin expanded and loan losses remained in check. While ASB's

  7. Hawaiian Electric Posts Decent 1Q

    Commentary

    Thu, 8 May 2008

    swiftly as new rate terms more than offset commodity cost inflation and higher operating expenses. Results at American Savings Bank were also solid. While we still regard ASB as second-tier, we are comforted that the net interest margin has

  8. Risk Change for Hawaiian Electric

    Commentary

    Wed, 28 Nov 2007

    think the political “headroom” for future rate increases will be eroded. Finally, uncertainty is growing at American Savings Bank as it continues to venture into new areas such as commercial lending, which are outside its traditional thrift

  9. Hawaiian Electric Feeling Pain

    Commentary

    Fri, 2 Nov 2007

    operating income for the utility has fallen a precipitous 37% year to date. Troubles were relatively less severe at American Savings Bank . Net interest margin--a key measure of the bank's profitability--contracted from 3.10% to 3.01

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