• Truist Financial average return on tangible equity for 2023 was 14.2, a 22.23% decline from 2022.
• Truist Financial average return on tangible equity for 2022 was 18.26, a 33.87% decline from 2021.
• Truist Financial average return on tangible equity for 2021 was 13.64, a 32.17% 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.