• PNC Financial Services average return on tangible equity for 2023 was 16.8, a 15.86% decline from 2022.
• PNC Financial Services average return on tangible equity for 2022 was 14.5, a 123.42% increase from 2021.
• PNC Financial Services average return on tangible equity for 2021 was 6.49, a 45.78% 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.