• Monday average return on tangible equity for 2023 was -5.52, a 76.75% decline from 2022.
• Monday average return on tangible equity for 2022 was -23.74, a 57% decline from 2021.
• Monday average return on tangible equity for 2021 was -55.21, a 137.15% 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.