• SouthState average return on tangible equity for 2023 was 16.7, a 10.74% decline from 2022.
• SouthState average return on tangible equity for 2022 was 15.08, a 12.12% increase from 2021.
• SouthState average return on tangible equity for 2021 was 13.45, a 122.31% 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.