Return-on-Tangible-Equity

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Return on Tangible Equity is calculated as follows: Return on Tangible Equity (ROTE) = Net Income / Total Tangible Equity In the calculation of annual return on tangible equity, the net income of the last fiscal year issued. The average Total Shareholder Tangible Equity is used. In calculating the quarterly data, the result is multiplied by 4 to get annualized the rate.