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American Savings Bank Reports Second Quarter 2021 Financial Results

American Savings Bank Reports Second Quarter 2021 Financial Results
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American Savings Bank Reports Second Quarter 2021 Financial Results

American Savings Bank Reports Second Quarter 2021 Financial Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , State Of Hawaii , Ann Teranishi , Julier Smolinski , Hawaiian Electric Company Inc , Hawaiian Electric Industries Inc , Prnewswire American Savings Bank , Exchange Commission , Stock In Federal Home Loan Bank , Paycheck Protection Program , Hawaii Inc , American Savings Bank , Savings Bank , Hawaiian Electric Industries , Hawaiian Electric Company , Hawaiian Electric , Investor Relations , Public Utilities Commission , Note Regarding Forward Looking , Federal Home Loan Bank , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் ஹவாய் , ஹவாய் மின்சார நிறுவனம் இன்க் , ஹவாய் மின்சார தொழில்கள் இன்க் , பரிமாற்றம் தரகு , ஸ்டாக் இல் கூட்டாட்சியின் வீடு கடன் வங்கி ,

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 ....

United States , State Of Hawaii , Julier Smolinski , Exchange Commission , Stock In Federal Home Loan Bank , Hawaiian Electric Company Inc , Hawaiian Electric Industries Inc , Paycheck Protection Program , American Savings Bank , Hawaii Inc , Hawaiian Electric Industries , Rich Wacker , Hawaiian Electric Company , Hawaiian Electric , Investor Relations , Public Utilities Commission , Note Regarding Forward Looking , Savings Bank , Federal Home Loan Bank , Corporate Sustainability , Electric Industries , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் ஹவாய் , பரிமாற்றம் தரகு , ஸ்டாக் இல் கூட்டாட்சியின் வீடு கடன் வங்கி , ஹவாய் மின்சார நிறுவனம் இன்க் ,

American Savings Bank Reports First Quarter 2021 Financial Results

American Savings Bank Reports First Quarter 2021 Financial Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , State Of Hawaii , Julier Smolinski , Exchange Commission , Stock In Federal Home Loan Bank , Hawaiian Electric Company Inc , Hawaiian Electric Industries Inc , Paycheck Protection Program , American Savings Bank , Hawaii Inc , Hawaiian Electric Industries , Rich Wacker , Hawaiian Electric Company , Hawaiian Electric , Investor Relations , Public Utilities Commission , Note Regarding Forward Looking , Savings Bank , Federal Home Loan Bank , Corporate Sustainability , Electric Industries , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் ஹவாய் , பரிமாற்றம் தரகு , ஸ்டாக் இல் கூட்டாட்சியின் வீடு கடன் வங்கி , ஹவாய் மின்சார நிறுவனம் இன்க் ,

American Savings Bank Reports Fourth Quarter And Full Year 2020 Financial Results

American Savings Bank Reports Fourth Quarter And Full Year 2020 Financial Results
Full Year 2020 Performance Highlights
- Record residential mortgage production at $1.2 billion
- Grew total deposits $1.1 billion or 17.8% to $7.4 billion and total loans $225 million or 4.4% to $5.3 billion
- Net interest margin of 3.29%, with record low cost of funds
- Net charge-off ratio improved to 0.40%, compared to 0.45% in prior year
- Continued strong capital and liquidity position
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HONOLULU, Jan. 29, 2021 /PRNewswire/ American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today reported 2020 net income of $57.6 million, ....

United States , State Of Hawaii , Julier Smolinski , Exchange Commission , Stock In Federal Home Loan Bank , Hawaiian Electric Company Inc , Hawaiian Electric Industries Inc , Paycheck Protection Program , American Savings Bank , Hawaii Inc , Hawaiian Electric Industries , Rich Wacker , Hawaiian Electric Company , Hawaiian Electric , Investor Relations , Public Utilities Commission , Note Regarding Forward Looking , Savings Bank , Federal Home Loan Bank , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் ஹவாய் , பரிமாற்றம் தரகு , ஸ்டாக் இல் கூட்டாட்சியின் வீடு கடன் வங்கி , ஹவாய் மின்சார நிறுவனம் இன்க் , ஹவாய் மின்சார தொழில்கள் இன்க் , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் ,