• Fifth Third Bancorp average return on tangible equity for 2023 was 21.68, a 28.13% decline from 2022.
• Fifth Third Bancorp average return on tangible equity for 2022 was 16.92, a 21.99% increase from 2021.
• Fifth Third Bancorp average return on tangible equity for 2021 was 13.87, a 56.37% 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.