• NiSource average return on tangible equity for 2023 was 10.23, a 13.01% decline from 2022.
• NiSource average return on tangible equity for 2022 was 11.76, a 68.48% decline from 2021.
• NiSource average return on tangible equity for 2021 was 6.98, a 489.94% 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.