• Hoya average return on tangible equity for 2023 was 22.08, a 0.67% decline from 2022.
• Hoya average return on tangible equity for 2022 was 22.23, a 2.71% decline from 2021.
• Hoya average return on tangible equity for 2021 was 22.85, a 14.59% 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.