• Nice average return on tangible equity for 2023 was 24.31, a 1.59% increase from 2022.
• Nice average return on tangible equity for 2022 was 23.93, a 11.99% increase from 2021.
• Nice average return on tangible equity for 2021 was 27.19, a 32.28% 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.