• Sumitomo Mitsui Financial Group Inc average return on tangible equity for 2023 was 6.79, a 1.31% increase from 2022.
• Sumitomo Mitsui Financial Group Inc average return on tangible equity for 2022 was 6.88, a 0.73% decline from 2021.
• Sumitomo Mitsui Financial Group Inc average return on tangible equity for 2021 was 6.83, a 6.69% 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.