• National Bank Of Canada average return on tangible equity for 2023 was 16.48, a 16.22% decline from 2022.
• National Bank Of Canada average return on tangible equity for 2022 was 19.67, a 7.66% decline from 2021.
• National Bank Of Canada average return on tangible equity for 2021 was 18.27, a 11.95% 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.