• 3M average return on tangible equity for 2023 was 18.24, a 112.44% decline from 2022.
• 3M average return on tangible equity for 2022 was -146.68, a 40.02% decline from 2021.
• 3M average return on tangible equity for 2021 was -104.76, a 53.83% 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.