• Q2 Holdings average return on tangible equity for 2023 was 36.55, a 41.4% increase from 2022.
• Q2 Holdings average return on tangible equity for 2022 was 62.37, a 86.81% decline from 2021.
• Q2 Holdings average return on tangible equity for 2021 was 472.94, a 264.5% decline 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.