Independent Bank Corp., parent of Rockland Trust Co., reported higher profit for the third quarter, on a more than 5 percent rise in net interest income after provision for losses, as well as non-interest income.

For the third quarter, Rockland-headquartered Independent Bank’s net income rose 7.3 percent to $12 million from $11.1 million in the year-ago period. Earnings per share rose to $0.56 from $0.53 last year.

On average, six analysts polled by Thomson Reuters expected earnings of $0.55 per share for the quarter. Analysts’ estimates typically exclude special items.

"Despite the challenging operating environment, we continue to deliver quality results. Our strong focus on the customer is a winning strategy, as consumers and businesses demonstrate that they value Rockland Trust’s knowledgeable, accessible bankers; innovative products and services; and fair, transparent pricing," said Christopher Oddleifson, president and chief executive officer of Independent Bank Corp. and Rockland Trust Co. "Our balance sheet remains in excellent shape with solid credit quality and capital levels, and the recent expansion of our commercial lending and wealth management franchises will help us sustain our momentum."

Revenues for the quarter grew to $54 million from $52.9 million in the year-ago quarter. Four Street analysts had a consensus revenue estimate of $56 million for the quarter.

Net interest income for the quarter rose 1.16 percent to $41.7 million from $41.2 million in the year-ago quarter. Non-interest income for the quarter rose 5.7 percent to $12.3 million from $11.7 million last year.