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First Citizens Bancshares (FCNCA) Gross Margin: 2020-2023

Historic Gross Margin for First Citizens Bancshares (FCNCA) over the last 4 years, with Dec 2023 value amounting to 61.94%.

  • 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 61.94% as of FY2023, which was down 5.88% from 65.81% recorded in FY2022.
  • In the past 5 years, First Citizens Bancshares' Gross Margin ranged from a high of 92.25% in FY2021 and a low of 61.94% during FY2023.
  • Its 3-year average for Gross Margin is 73.33%, with a median of 65.81% in 2022.
  • In the last 5 years, First Citizens Bancshares' Gross Margin soared by 196bps in 2021 and then slumped by 2,644bps in 2022.
  • Yearly analysis of 4 years shows First Citizens Bancshares' Gross Margin stood at 90.29% in 2020, then soared by 196bps to 92.25% in 2021, then crashed by 2,644bps to 65.81% in 2022, then slumped by 387bps to 61.94% in 2023.