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Quarterly Message from National Penn

April 24, 2015 

National Penn Achieves Consistent, High-level Performance
in First Quarter of 2015

Dear Valued Customers:

I’m pleased to share that in the first quarter of 2015, National Penn again delivered a consistent, strong performance. The following are some of our key results:

  • First-quarter 2015 net income per share increased 19% to $0.19, compared to $0.16 in the prior year’s first quarter
  • Return on average assets remained strong at 1.14%
  • Net interest margin of 3.36%, compared to 3.33% in the prior quarter
  • Continued focus on asset quality and expense management
  • Repurchased 5% of outstanding shares under share repurchase plan
  • Second-quarter 2015 cash dividend of $0.11 cents per common share declared

We remain committed to returning capital to our shareholders through a strong dividend and continued share repurchases. National Penn is also committed to each of our customer relationships and to each community we serve in Pennsylvania, New Jersey and Maryland.

Thank you for your continued support, and we look forward to helping you achieve your financial goals in 2015.

Sincerely,

Scott V. Fainor
President and Chief Executive Officer
National Penn Bancshares, Inc.


*Refer to National Penn’s earnings release for the quarter ended March 31, 2015, which may be found on National Penn’s Investor Relations Web site at www.nationalpennbancshares.com for a reconciliation of these non-GAAP measures.

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