• Pool average return on tangible equity for 2023 was 157.63, a 60.43% decline from 2022.
• Pool average return on tangible equity for 2022 was 398.31, a 209.75% decline from 2021.
• Pool average return on tangible equity for 2021 was 128.59, a 3.58% 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.