• Banco Santander Brasil SA average return on tangible equity for 2023 was 15.12, a 22.62% increase from 2022.
• Banco Santander Brasil SA average return on tangible equity for 2022 was 19.54, a 3.41% decline from 2021.
• Banco Santander Brasil SA average return on tangible equity for 2021 was 20.23, a 9.08% 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.