• Pool average return on tangible equity for 2024 was 120.22, a 39.77% decline from 2023.
• Pool average return on tangible equity for 2023 was 199.61, a 37.72% decline from 2022.
• Pool average return on tangible equity for 2022 was 320.5, a 145.78% decline from 2021.

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.