• Columbia Banking System average return on tangible equity for 2023 was 11.55, a 60.25% increase from 2022.
• Columbia Banking System average return on tangible equity for 2022 was 29.06, a 72.26% decline from 2021.
• Columbia Banking System average return on tangible equity for 2021 was 16.87, a 57.08% 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.