• SLM average return on tangible equity for 2023 was 24.64, a 30.18% increase from 2022.
• SLM average return on tangible equity for 2022 was 35.29, a 32.72% decline from 2021.
• SLM average return on tangible equity for 2021 was 52.45, a 92.05% 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.