• State Street average return on tangible equity for 2023 was 14.88, a 4.55% decline from 2022.
• State Street average return on tangible equity for 2022 was 15.59, a 7.89% decline from 2021.
• State Street average return on tangible equity for 2021 was 14.45, a 0.96% 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.