• Smc average return on tangible equity for 2023 was 12.76, a 5.28% increase from 2022.
• Smc average return on tangible equity for 2022 was 12.12, a 10.68% increase from 2021.
• Smc average return on tangible equity for 2021 was 10.95, a 0.18% 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.