• Polaris average return on tangible equity for 2023 was 221.5, a 9.03% decline from 2022.
• Polaris average return on tangible equity for 2022 was 243.48, a 113.09% decline from 2021.
• Polaris average return on tangible equity for 2021 was -1860.22, a 6764.28% 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.