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Washington Trust Bancorp Inc  (WASH)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

WASH's Free Cash Flow Growth by Quarter and Year

Washington Trust Bancorp Inc's Free Cash Flow results by quarter and year




WASH Free Cash Flow (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 11.65 41.16 -6.11 18.30
III Quarter September 29.86 20.25 47.49 3.26
II Quarter June -21.00 13.04 62.79 17.75
I Quarter March 11.09 38.56 -3.37 -2.83
FY   31.60 113.01 100.80 36.48



WASH Free Cash Flow fourth quarter 2023 Y/Y Growth Comment
Washington Trust Bancorp Inc reported drop in Free Cash Flow in the fourth quarter 2023 by -71.7% to $ 11.65 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Washington Trust Bancorp Inc's Free Cash Flow compares unfavorably to the Company's average Free Cash Flow doubling of 108.2%.

Looking into fourth quarter 2023 results within Regional Banks industry 2 other companies have achieved higher Free Cash Flow growth. While Washington Trust Bancorp Inc' s Free Cash Flow meltdown of -71.7% ranks overall at the positon no. 334 in the fourth quarter 2023.




WASH Free Cash Flow ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -71.7 % - - -49.25 %
III Quarter September 47.46 % -57.36 % 1356.75 % -82.55 %
II Quarter June - -79.23 % 253.75 % -
I Quarter March -71.24 % - - -
FY   -72.04 % 12.11 % 176.32 % -50.32 %

Financial Statements
Washington Trust Bancorp Inc's fourth quarter 2023 Free Cash Flow $ 11.65 millions WASH's Income Statement
Washington Trust Bancorp Inc's fourth quarter 2022 Free Cash Flow $ 41.16 millions Quarterly WASH's Income Statement
New: More WASH's historic Free Cash Flow Growth >>


WASH Free Cash Flow (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -60.98 % 103.26 % - 461.35 %
III Quarter September - 55.29 % -24.37 % -81.63 %
II Quarter June - -66.18 % - -
I Quarter March -73.06 % - - -
FY (Year on Year)   -72.04 % 12.11 % 176.32 % -50.32 %




Free Cash Flow fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #3
Financial Sector #39
Overall #334

Free Cash Flow Y/Y Growth Statistics
High Average Low
1346.9 % 108.2 % -73.94 %
(June 30. 2016)   (Sep. 30, 2014)
Free Cash Flow fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #3
Financial Sector #39
Overall #334
Free Cash Flow Y/Y Growth Statistics
High Average Low
1346.9 % 108.2 % -73.94 %
(June 30. 2016)   (Sep. 30, 2014)

Free Cash Flow by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Washington Trust Bancorp Inc's Q/Q Free Cash Flow Growth


Free Cash Flow Q/Q Growth Statistics
High Average Low
2797.48 % 276.86 % -100 %
(Sep 30 2018)  


WASH's IV. Quarter Q/Q Free Cash Flow Comment
In the IV. Quarter 2023 Washington Trust Bancorp Inc disclosed fall in Free Cash Flow from the previous quarter by -60.98% to $ 11.65 millions, from $ 29.86 millions declared a quarter before.

Albeit seasonal circumstance normally elevate IV. Quarter 2023 results, that plainly was not substantial to rescue Regional Banks's company outcome, Zachary  Surname, Financial sector consultant based in Edinburgh pointed out and mentioned that average sequential Free Cash Flow growth is at 276.86% for Washington Trust Bancorp Inc.

Within Regional Banks industry 52 other companies have achieved higher Free Cash Flow quarter on quarter growth. While Washington Trust Bancorp Inc's Free Cash Flow growth quarter on quarter, overall rank is 1218.


Free Cash Flow Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #53
Financial Sector #276
Overall #1218
Free Cash Flow Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #53
Financial Sector #276
Overall #1218
Free Cash Flow Q/Q Growth Statistics
High Average Low
2797.48 % 276.86 % -100 %
(Sep 30 2018)  


WASH's IV. Quarter Q/Q Free Cash Flow Comment
In the IV. Quarter 2023 Washington Trust Bancorp Inc reported fall in Free Cash Flow from the third quarter by -60.98% to $ 11.65 millions, from $ 29.86 millions achived a quarter before.

Those cyclical factors were not able to salvage the IV. Quarter for the Washington Trust Bancorp Inc, Zachary  Surname, Financial sector consultant based in Edinburgh pointed out.

Within Regional Banks industry 52 other companies have achieved higher Free Cash Flow quarter on quarter growth. While Washington Trust Bancorp Inc's Free Cash Flow growth quarter on quarter, overall rank is 1218.


Washington Trust Bancorp Inc's 12 Months Free Cash Flow Growth Year on Year


Free Cash Flow TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Free Cash Flow 12 Months Ending $ 36.65 $ 66.95 $ 58.18 $ 91.99 $ 119.15
Y / Y Free Cash Flow Growth (TTM) -69.24 % -5.55 % -40.1 % -37.06 % 14.23 %
Year on Year Free Cash Flow Growth Overall Ranking # 889 # 1545 # 1042 # 151 # 140
Seqeuential Free Cash Flow Change (TTM) -45.26 % 15.08 % -36.75 % -22.79 % 68.08 %
Seq. Free Cash Flow Growth (TTM) Overall Ranking # 422 # 1380 # 1911 # 613 # 1316




Cumulative Free Cash Flow growth Comment
Washington Trust Bancorp Inc's cumulative 12 months Free Cash Flow continue to drop, but on the faster rate at -69.24% year on year, at Dec 31 2023 compare to the -5.55% decrease at Sep 30 2023. If the Washington Trust Bancorp Inc's fiscal year would end at Dec 31 2023, annual Free Cash Flow would be $37 millions.

In the Financial sector 141 other companies have achieved higher trailing twelve month Free Cash Flow growth. While Total ranking has impoved so far to 889, from total ranking in previous quarter at 1545.

Free Cash Flow TTM Q/Q Growth Statistics
High Average Low
1346.9 %
108.2 %
-73.94 %
 

Free Cash Flow TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 6
Financial Sector # 142
Overall # 889

Free Cash Flow TTM Y/Y Growth Statistics
High Average Low
1346.9 %
108.2 %
-73.94 %
 


Free Cash Flow TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 48
S&P 500 # 422
Cumulative Free Cash Flow growth Comment
Washington Trust Bancorp Inc's cumulative 12 months Free Cash Flow continue to drop, but on the faster rate at -69.24% year on year, at Dec 31 2023 compare to the -5.55% decrease at Sep 30 2023. If the Washington Trust Bancorp Inc's fiscal year would end at Dec 31 2023, annual Free Cash Flow would be $37 millions.

In the Financial sector 141 other companies have achieved higher trailing twelve month Free Cash Flow growth. While Total ranking has impoved so far to 889, from total ranking in previous quarter at 1545.

Free Cash Flow TTM Q/Q Growth Statistics
High Average Low
1346.9 %
108.2 %
-73.94 %
 


Free Cash Flow TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 6
Financial Sector # 142
Overall # 889

Free Cash Flow TTM Y/Y Growth Statistics
High Average Low
1346.9 %
108.2 %
-73.94 %
 


Free Cash Flow TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 48
S&P 500 # 422




Other Free Cash Flow Growth
Regional Banks Industry Free Cash Flow Growth Trends and Statistics
Financial Sector Free Cash Flow Growth Statistics
Free Cash Flow Growth Trends for overall market
WASH's Free Cash Flow Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Free Cash Flow Growth
Lowest Ranking Free Cash Flow Growth
Free Cash Flow Growth for WASH's Competitors
Free Cash Flow Growth for Washington Trust Bancorp Inc's Suppliers
Free Cash Flow Growth for WASH's Customers

You may also want to know
WASH's Annual Growth Rates WASH's Profitability Ratios WASH's Asset Turnover Ratio WASH's Dividend Growth
WASH's Roe WASH's Valuation Ratios WASH's Financial Strength Ratios WASH's Dividend Payout Ratio
WASH's Roa WASH's Inventory Turnover Ratio WASH's Growth Rates WASH's Dividend Comparisons



Companies with similar Free Cash Flow drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Free Cash Flow for the quarter ending Dec 31 2023
Fifth Third Bancorp-0.05%$ -0.048 millions
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Equifax inc -1.01%$ -1.014 millions
Parke Bancorp Inc -1.30%$ -1.300 millions
City Holding Company-1.51%$ -1.510 millions
Empire State Realty Op L p -2.00%$ -2.003 millions
Alpine Income Property Trust inc -2.03%$ -2.030 millions
Nexpoint Real Estate Finance Inc -2.10%$ -2.097 millions
Federated Hermes Inc -2.10%$ -2.100 millions
Cousins Properties Inc-2.13%$ -2.127 millions
Lakeland Bancorp Inc-2.87%$ -2.873 millions
Heritage Financial Corp-3.30%$ -3.301 millions
First Busey Corporation-3.58%$ -3.576 millions
American Tower Corporation-3.64%$ -3.637 millions
Unum Group-3.75%$ -3.755 millions
Citizens and Northern Corporation-3.86%$ -3.860 millions
Eastgroup Properties Inc -4.62%$ -4.623 millions
City Office Reit Inc -4.94%$ -4.945 millions
Nmi Holdings Inc -5.27%$ -5.266 millions
Bar Harbor Bankshares-5.30%$ -5.304 millions
The Howard Hughes Corporation-5.69%$ -5.689 millions
Macerich Co-5.98%$ -5.977 millions
Alexander and Baldwin Inc -6.00%$ -6.000 millions
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Brookline Bancorp inc-7.72%$ -7.718 millions




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