• Bank Of Montreal average return on tangible equity for 2023 was 11.7, a 42.48% decline from 2022.
• Bank Of Montreal average return on tangible equity for 2022 was 20.34, a 50.44% decline from 2021.
• Bank Of Montreal average return on tangible equity for 2021 was 13.52, a 19.86% 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.