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American Savings Bank promotes David Oyadomar as new executive vice president of operations

American Savings Bank promotes David Oyadomar as new executive vice president of operations
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Hawaiian Electric Industries Inc (HE) Q1 2021 Earnings Call Transcript

Operator
Good day, and welcome to the Hawaiian Electric Industries, Inc. First Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Julie Smolinski, Vice President of Investor Relations. Please go ahead, ma am..
Julie R. Smolinski
Vice President, Investor Relations and Corporate Sustainability
Thank you, Rocco. Welcome, everyone, to Hawaiian Electric Industries First Quarter 2021 Earnings Call. Joining me today are Connie Lau, HEI President and CEO; Greg Hazelton, HEI Executive Vice President and CFO; Scott Seu, Hawaiian Electric President and CEO; Rich Wacker, American Savings Bank President and CEO; and other members of senior management. Our press release and presentation are posted in the Investor Relations section of our website. As a reminder, forward-looking statements will be made on today s call. Factors that could cause actual results to differ materia ....

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American Savings Bank Reports First Quarter 2021 Financial Results

American Savings Bank Reports First Quarter 2021 Financial Results
1Q 2021 Net Income of $29.6 Million
Elevated Credit Risk Environment is Moderating as Hawaii Economy Begins to Improve
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HONOLULU, April 30, 2021 /PRNewswire/ American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today reported net income for the first quarter of 2021 of $29.6 million, compared to $15.7 million in the fourth, or linked quarter of 2020 and $15.8 million in the first quarter of 2020.
Our financial results reflect good execution in an environment that remains challenging for bank profitability. Our strong residential mortgage production and new ASB CARES or paycheck protection program loans are bright spots, but record deposit growth continues to outpace lending opportunities in this early stage of Hawaii s economic recovery, said Rich Wacker, president ....

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American Savings Bank Reports First Quarter 2021 Financial Results

American Savings Bank Reports First Quarter 2021 Financial Results
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Hawaiian Electric Industries Inc (HE) Q4 2020 Earnings Call Transcript

Hawaiian Electric Industries Inc (HE) Q4 2020 Earnings Call Transcript
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Operator
Good day, and welcome to the Hawaiian Electric Industries Fourth Quarter 2020 Earnings Call. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. [Operator Instructions]
I would now like to turn the conference over to Julie Smolinski, Vice President of Investor Relations and Corporate Sustainability. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own resea ....

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