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First Citizens Bancshares (FCNCA) Gross Margin: 2021-2024

Historic Gross Margin for First Citizens Bancshares (FCNCA) over the last 4 years, with Sep 2024 value amounting to 70.15%.

  • First Citizens Bancshares' Gross Margin rose 114.00% to 70.15% in Q3 2024 from the same period last year, while for Sep 2024 it was 71.75%, marking a year-over-year increase of 1460.00%. This contributed to the annual value of 61.94% for FY2023, which is 387.00% down from last year.
  • Latest data reveals that First Citizens Bancshares reported Gross Margin of 70.15% as of Q3 2024, which was down 1.79% from 71.43% recorded in Q2 2024.
  • In the past 5 years, First Citizens Bancshares' Gross Margin registered a high of 93.75% during Q2 2021, and its lowest value of 41.43% during Q2 2023.
  • Over the past 3 years, First Citizens Bancshares' median Gross Margin value was 70.00% (recorded in 2023), while the average stood at 66.76%.
  • Its Gross Margin has fluctuated over the past 5 years, first slumped by 3,975bps in 2022, then soared by 3,000bps in 2024.
  • Quarterly analysis of 4 years shows First Citizens Bancshares' Gross Margin stood at 90.91% in 2021, then slumped by 3,975bps to 51.16% in 2022, then soared by 1,884bps to 70.00% in 2023, then spiked by 114bps to 70.15% in 2024.
  • Its last three reported values are 70.15% in Q3 2024, 71.43% for Q2 2024, and 76.27% during Q1 2024.