• First Citizens BancShares average return on tangible equity for 2023 was 72.33, a 566.02% decline from 2022.
• First Citizens BancShares average return on tangible equity for 2022 was 10.86, a 22.37% increase from 2021.
• First Citizens BancShares average return on tangible equity for 2021 was 13.99, a 9.81% 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.