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Segment financial information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended September 30, 2023    
Revenues
$794,987 $100,974 $5,912 $901,873 
Income (loss) before income taxes$55,415 $12,749 $(19,054)$49,110 
Income taxes (benefit)11,456 1,384 (5,319)7,521 
Net income (loss)43,959 11,365 (13,735)41,589 
Preferred stock dividends of subsidiaries498 — (27)471 
Net income (loss) for common stock$43,461 $11,365 $(13,708)$41,118 
Nine months ended September 30, 2023    
Revenues
$2,419,539 $291,716 $14,540 $2,725,795 
Income (loss) before income taxes$175,391 $61,511 $(48,121)$188,781 
Income taxes (benefit)38,126 11,380 (12,591)36,915 
Net income (loss)137,265 50,131 (35,530)151,866 
Preferred stock dividends of subsidiaries1,496 — (79)1,417 
Net income (loss) for common stock$135,769 $50,131 $(35,451)$150,449 
Total assets (at September 30, 2023)
$7,078,447 $9,657,428 $255,943 $16,991,818 
Three months ended September 30, 2022    
Revenues
$955,971 $81,411 $4,815 $1,042,197 
Income (loss) before income taxes$63,712 $27,281 $(11,088)$79,905 
Income taxes (benefit)13,450 6,525 (2,623)17,352 
Net income (loss)50,262 20,756 (8,465)62,553 
Preferred stock dividends of subsidiaries498 — (27)471 
Net income (loss) for common stock $49,764 $20,756 $(8,438)$62,082 
Nine months ended September 30, 2022    
Revenues from external customers and other sources
$2,483,632 $231,850 $7,390 $2,722,872 
Intersegment revenues (eliminations)4 — (4)— 
Revenues$2,483,636 $231,850 $7,386 $2,722,872 
Income (loss) before income taxes$179,771 $79,605 $(25,774)$233,602 
Income taxes (benefit)37,967 17,513 (7,085)48,395 
Net income (loss)141,804 62,092 (18,689)185,207 
Preferred stock dividends of subsidiaries1,496 — (79)1,417 
Net income (loss) for common stock $140,308 $62,092 $(18,610)$183,790 
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.
Sales from Hamakua Energy, LLC (Hamakua Energy) to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.