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Segment financial information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended March 31, 2023    
Revenues $830,361 $93,857 $4,019 $928,237 
Income (loss) before income taxes$61,108 $23,707 $(14,511)$70,304 
Income taxes (benefit)13,600 5,145 (3,635)15,110 
Net income (loss)47,508 18,562 (10,876)55,194 
Preferred stock dividends of subsidiaries499 — (26)473 
Net income (loss) for common stock$47,009 $18,562 $(10,850)$54,721 
Total assets (at March 31, 2023)
$6,674,463 $9,610,070 $159,252 $16,443,785 
Three months ended March 31, 2022    
Revenues from external customers and other sources$708,788 $75,115 $1,165 $785,068 
Intersegment revenues (eliminations)4 — (4)— 
Revenues$708,792 $75,115 $1,161 $785,068 
Income (loss) before income taxes$59,446 $30,215 $(2,181)$87,480 
Income taxes (benefit)12,538 6,345 (1,043)17,840 
Net income (loss)46,908 23,870 (1,138)69,640 
Preferred stock dividends of subsidiaries499 — (26)473 
Net income (loss) for common stock $46,409 $23,870 $(1,112)$69,167 
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.