• U.S Bancorp average return on tangible equity for 2023 was 15.72, a 6.37% decline from 2022.
• U.S Bancorp average return on tangible equity for 2022 was 16.79, a 2.61% decline from 2021.
• U.S Bancorp average return on tangible equity for 2021 was 17.24, a 37.37% decline 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.