Rockland’s Independent Bank Corp., parent of Rockland Trust Co., has reported net income of $9.1 million for the fourth quarter, a 34 percent jump from the $6.8 million recorded in the third quarter of 2009.
In 2009, net income totaled $23 million, down slightly from $24 million in 2008. Net income available to common shareholders in 2009 was $17.3 million and included the preferred dividends related to the Treasury’s Capital Purchase Program. This compares to net income available to common shareholders of $24 million in 2008.
"I’m pleased with Rockland Trust’s performance throughout 2009. In almost every category we’ve managed to outperform our peer group," said Christopher Oddleifson, president and chief executive officer. "Our long-term strategy of building deep relationships with customers we know continues to pay dividends, both on the deposit and loan side."





