• ITT average return on tangible equity for 2023 was 35.01, a 10.51% increase from 2022.
• ITT average return on tangible equity for 2022 was 31.68, a 113.91% increase from 2021.
• ITT average return on tangible equity for 2021 was 14.81, a 34.47% 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.