• American average return on tangible equity for 2023 was 10.35, a 52.35% decline from 2022.
• American average return on tangible equity for 2022 was 21.72, a 254.9% decline from 2021.
• American average return on tangible equity for 2021 was 6.12, a 239.73% increase 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.