• Southern average return on tangible equity for 2023 was 11.52, a 4.73% increase from 2022.
• Southern average return on tangible equity for 2022 was 11, a 0.36% increase from 2021.
• Southern average return on tangible equity for 2021 was 10.96, a 11.33% 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.