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Segment financial information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended June 30, 2023    
Revenues$794,191 $96,885 $4,609 $895,685 
Income (loss) before income taxes$58,868 $25,055 $(14,556)$69,367 
Income taxes (benefit)13,070 4,851 (3,637)14,284 
Net income (loss)45,798 20,204 (10,919)55,083 
Preferred stock dividends of subsidiaries499 — (26)473 
Net income (loss) for common stock$45,299 $20,204 $(10,893)$54,610 
Six months ended June 30, 2023    
Revenues $1,624,552 $190,742 $8,628 $1,823,922 
Income (loss) before income taxes$119,976 $48,762 $(29,067)$139,671 
Income taxes (benefit)26,670 9,996 (7,272)29,394 
Net income (loss)93,306 38,766 (21,795)110,277 
Preferred stock dividends of subsidiaries998 — (52)946 
Net income (loss) for common stock$92,308 $38,766 $(21,743)$109,331 
Total assets (at June 30, 2023)
$6,761,593 $9,620,691 $137,025 $16,519,309 
Three months ended June 30, 2022    
Revenues$818,873 $75,324 $1,410 $895,607 
Income (loss) before income taxes$56,613 $22,109 $(12,505)$66,217 
Income taxes (benefit)11,979 4,643 (3,419)13,203 
Net income (loss)44,634 17,466 (9,086)53,014 
Preferred stock dividends of subsidiaries499 — (26)473 
Net income (loss) for common stock $44,135 $17,466 $(9,060)$52,541 
Six months ended June 30, 2022    
Revenues from external customers and other sources$1,527,661 $150,439 $2,575 $1,680,675 
Intersegment revenues (eliminations)4 — (4)— 
Revenues$1,527,665 $150,439 $2,571 $1,680,675 
Income (loss) before income taxes$116,059 $52,324 $(14,686)$153,697 
Income taxes (benefit)24,517 10,988 (4,462)31,043 
Net income (loss)91,542 41,336 (10,224)122,654 
Preferred stock dividends of subsidiaries998 — (52)946 
Net income (loss) for common stock $90,544 $41,336 $(10,172)$121,708 
Total assets (at December 31, 2022)
$6,597,467 $9,545,970 $140,807 $16,284,244 
 
Intercompany electricity sales of the Utilities to ASB and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities and the profit on such sales is nominal.
Hamakua Energy, LLC’s (Hamakua Energy’s) sales to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.