Quarterly Message from National Penn

July 23, 2015 

National Penn Achieves Consistent, Strong Performance
in Second Quarter of 2015

Dear Valued Customers:

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

  • Earnings per diluted share of $0.19 for the second quarter of 2015 compared to $0.19 for the prior quarter
  • Earnings per diluted share of $0.38 for the first half of 2015 increases 8.6% from the same period last year
  • Return on average assets of 1.14% and return on tangible common equity of 13.32% for the second quarter of 2015
  • Commercial loans increased approximately 5% on an annualized basis from the prior quarter
  • Operating expenses remained well controlled; second quarter efficiency ratio of 57%
  • Sustained strength in asset quality and capital levels
  • Third quarter 2015 cash dividend of $0.11 cents per common share declared

I’m pleased with the consistency of our operating performance in this continued low interest rate environment. The ongoing strength of our balance sheet continues to position us well to manage capital and create long-term shareholder value.

Thank you for allowing us to help you meet your financial goals. We value each and every customer relationship and community we serve. 


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

*Refer to National Penn’s earnings release for the quarter ended June 30, 2015, which may be found on National Penn’s Investor Relations Web site at for a reconciliation of these non-GAAP measures.

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