• Dow average return on tangible equity for 2024 was 13.16, a 25.1% decline from 2023.
• Dow average return on tangible equity for 2023 was 17.57, a 78.79% decline from 2022.
• Dow average return on tangible equity for 2022 was 82.82, a 51.39% decline from 2021.

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.