HEI(US:HE)2023-02-15 00:14Financial Performance - HEI achieved earnings growth of 6% despite macroeconomic challenges[64] - Full year 2022 diluted EPS (GAAP) for Utility was $2.25, compared to $2.20 in 2021[1, 64] - Full year 2022 diluted EPS (GAAP) for Bank was $0.92, compared to $0.73 in 2021[1, 64] - Full year 2022 diluted EPS (GAAP) for Holding Co & Other was -$0.30, compared to -$0.25 in 2021[1, 64] - The bank's return on average equity was 15.7% for the quarter ending December 31, 2022[51, 55] Utility Capital Investment - Capital expenditures forecast for 2023 is between $370 million and $410 million[6] - Capital expenditures forecast for 2024 is between $320 million and $420 million[6] - Baseline and Other Capex for ARA recovery was $304 million in 2022[9] Bank Loan Portfolio - The bank's loan portfolio totaled $6005 million as of December 31, 2022[50] - Residential Mortgage loans accounted for 42% of the total loan portfolio, amounting to $2521 million[49, 50] - Commercial Real Estate loans represented 22.6% of the total loan portfolio, totaling $1358 million[49, 50] Utility Guidance - The company expects a 368% inflationary increase in 2023 ARA revenues[11]