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American Savings Bank

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  1. O&M Costs Pressure Hawaiian Electric 1Q; Merger With NextEra Still Expected by Year-End


    Thu, 7 May 2015

    reported 2015 first-quarter earnings and indicated its proposed merger with NextEra Energy and spin-off of American Savings Bank is on track. The Federal Energy Regulatory Commission approval was received in March and shareholders will vote

  2. Hawaiian Electric Reports Strong 2014 Results; Merger On Track for Late 2015 Closing


    Fri, 13 Feb 2015

    per share guidance of $1.64-$1.74 and indicated its proposed merger with NextEra Energy and spin-off of American Savings Bank is on track. The earnings guidance is in line with our 2015 EPS estimate of $1.69 and the consensus estimate

  3. NextEra Energy to Acquire Hawaiian Electric Industries Following Spin-Off of American Savings Bank


    Thu, 4 Dec 2014

    plans to acquire it in a stock-and-cash deal for $4.3 billion, including debt. HEI also plans to spin off American Savings Bank to HEI shareholders before the transaction closes. We are reaffirming our narrow moat and stable moat trend ratings

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


    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

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


    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

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


    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

  7. Hawaiian Electric Industries Reports Solid Third Quarter


    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

  8. Fully Decoupled Hawaiian Electric Continues Low-Risk Strategy


    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

  9. Hawaiian Electric Recovers in Q2


    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

  10. Hawaiian Electric Posts Decent 1Q


    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

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