• Corning average return on tangible equity for 2023 was 7.9, a 68.02% decline from 2022.
• Corning average return on tangible equity for 2022 was 24.7, a 91.92% decline from 2021.
• Corning average return on tangible equity for 2021 was 12.87, a 385.66% 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.