• Williams average return on tangible equity for 2023 was 41.67, a 54.11% decline from 2022.
• Williams average return on tangible equity for 2022 was 27.04, a 57.3% increase from 2021.
• Williams average return on tangible equity for 2021 was 17.19, a 681.36% 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.