First Citizens BancShares Gross Margin 2010-2024 | FCNCA
- First Citizens BancShares average gross margin for 2023 was 88.95%, a 6.06% decline from 2022.
- First Citizens BancShares average gross margin for 2022 was 94.69%, a 1.91% decline from 2021.
- First Citizens BancShares average gross margin for 2021 was 96.53%, a 2.2% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.