• Vertex average return on tangible equity for 2023 was 84.38, a 253.5% decline from 2022.
• Vertex average return on tangible equity for 2022 was 23.87, a 214.1% increase from 2021.
• Vertex average return on tangible equity for 2021 was -20.92, a 90.31% 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.