• Fox average return on tangible equity for 2023 was 25.62, a 4.12% increase from 2022.
• Fox average return on tangible equity for 2022 was 26.72, a 36.11% decline from 2021.
• Fox average return on tangible equity for 2021 was 41.82, a 26.5% 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.