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National Penn Bank

Boyertown, PA · Cert 7414

FDIC · 128 branches

Q1 2016

$9.6BAssets
$6.2BLoans
$6.9BDeposits
$1.1BEquity
Loan mix
77%RE $4.0B17%C&I $0.9B5%Consumer $0.3BQ2 2014Q1 2016
Deposit mix
78%Interest-bearing $5.4B22%Noninterest $1.5BQ2 2014Q1 2016

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2015 SOD (annual) · 0.6% share · #17 of 133 inst. · $2.5B of $437.1B

17.6% Lehigh
17.8% Northampton
6.4% Berks
6.6% Chester

Executive Summary

  • Earnings: ROA of 1.08%, down 10 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 8.32%, down 24 bps from a year ago.
  • Funding: loans stand at 90.14% of deposits as of Q1 2016.

Return on Assets (YTD, annualized)

1.08%-10 bps YoY

Net Interest Margin (YTD, annualized)

2.92%-15 bps YoY

Efficiency Ratio (YTD, annualized)

60.33%+321 bps YoY

Tier 1 Leverage Ratio

8.32%-24 bps YoY

NIM

3.31%Q1 ’143.24%Q1 ’153.14%Q1 ’16+4%-5%

Non-interest income vs. expense

2.45%Q1 ’142.28%Q1 ’152.30%Q1 ’16-7%+3%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets1.18%1.19%1.17%1.18%1.18%1.19%1.22%1.08%-10 bps
Return on Equity9.26%9.56%9.60%10.39%10.30%10.24%10.53%9.69%-70 bps
Net Interest Margin2.97%2.97%2.81%3.07%3.03%3.03%2.99%2.92%-15 bps
Efficiency Ratio59.32%59.01%58.64%57.12%57.09%56.89%56.63%60.33%+321 bps
Non-Interest Burden1.35%1.34%1.27%1.31%1.28%1.26%1.24%1.35%+4 bps
Growth
Asset Growth (YoY)3.72%2.49%12.72%12.21%11.50%11.15%0.57%0.53%-1,168 bps
Loan Growth (YoY)2.75%3.54%15.14%14.02%14.10%12.77%0.96%1.53%-1,248 bps
Deposit Growth (YoY)0.65%0.80%12.23%11.73%12.45%8.51%2.14%0.03%-1,170 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.24%0.19%0.13%0.25%0.23%0.20%0.09%-3 bps
Allowance / Loans1.66%1.63%1.48%1.46%1.37%1.35%1.27%1.25%-22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a8.56%8.89%9.26%8.49%8.32%-24 bps
Total Risk-Based Capital14.70%13.00%12.43%12.41%13.01%13.42%12.36%12.03%-38 bps
Equity / Assets12.77%11.49%11.19%11.50%11.71%12.09%11.23%11.15%-35 bps
Liquidity & Funding
Loans / Deposits87.68%83.10%90.02%88.81%88.97%86.36%88.98%90.14%+133 bps
Liquid Assets / Assets11.16%11.11%10.68%10.57%10.00%9.67%9.04%8.67%-191 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a