Sponsored Links Earlier this week, General Motors very healthy Q1 2021 earnings. The results were headlined by $3 billion in income on $32.5 billion in revenue. A good chunk of those earnings came from The General’s captive finance arm, GM Financial, and it’s worth taking a closer look at the division’s performance. Overall, GM Financial posted $1.2 billion Earnings Before Taxes (EBT)-adjusted, which represents a 27.3 percent Return on Average Tangible Common Equity. That is a significant improvement over the $0.2 billion in EBT-adjusted and 14.3 percent return in the year-ago quarter. Finance geeks will likely want to know that GM Financial defines Return on Average Tangible Common Equity as “net income attributable to common shareholder for the trailing four quarters divided by average tangible common equity for the same period.”