• Toronto Dominion Bank average return on tangible equity for 2023 was 14.8, a 19.43% decline from 2022.
• Toronto Dominion Bank average return on tangible equity for 2022 was 18.37, a 1.89% decline from 2021.
• Toronto Dominion Bank average return on tangible equity for 2021 was 18.03, a 16.17% 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.