Hei reports second quarter 2022 results

2q22 net income of $52.5m and diluted earnings per share (eps)1 of $0.48 utility performing well despite inflationary environment bank results reflect strong loan growth, expanding net interest margin, favorable credit trends and more normalized provision honolulu , aug. 8, 2022 /prnewswire/ -- hawaiian electric industries, inc. (nyse: he) (hei) today reported consolidated net income for common stock for the second quarter of 2022 of $52.5 million and eps of $0.48 compared to $63.9 million and eps of $0.58 for the second quarter of 2021. the lower net income was due primarily to the prior year's negative provision for credit losses at american savings bank, and the return to a more normalized provision expense due to strong loan growth.
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