• News average return on tangible equity for 2023 was 15.26, a 40.78% increase from 2022.
• News average return on tangible equity for 2022 was 25.77, a 114.04% decline from 2021.
• News average return on tangible equity for 2021 was 12.04, a 132.71% 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.