• American Electric Power average return on tangible equity for 2023 was 8.68, a 18.34% increase from 2022.
• American Electric Power average return on tangible equity for 2022 was 10.63, a 4.66% decline from 2021.
• American Electric Power average return on tangible equity for 2021 was 11.15, a 13.89% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.