• Pinnacle Financial Partners average return on tangible equity for 2023 was 15.22, a 2.25% decline from 2022.
• Pinnacle Financial Partners average return on tangible equity for 2022 was 15.57, a 4.71% decline from 2021.
• Pinnacle Financial Partners average return on tangible equity for 2021 was 14.87, a 26.66% 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.