National Penn Bancshares (NPBC) 8-K 2006 2nd Quarter Earnings Webcast Presentation - Prepared Remarks

Exhibit 99.2

Second Quarter 2006 Earnings Slide Presentation

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July  2006

2nd Quarter 2006

Earnings Webcast

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#2 / July  2006

Safe Harbor Regarding

Forward Looking Statements

This presentation contains forward-looking informationconcerning future events and information about National Penn Bancshares, Inc. that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.  Actual results, including but not limited to, National Penn Bancshares’ business and operations, could differ materially.  Such differences may be due to, but are not limited to, deteriorating economic conditions; increased competition; interest rate movements; market volatility in the securities markets; legislative or regulatory developments; merger-related synergies, savings and integration issues; potential difficulties in establishing and maintaining operations in new markets; technological changes; reputational risks; and other risks and uncertainties discussed in National Penn’s reports filed from time to time with the Securities and Exchange Commission, which are incorporated herein by reference.  National Penn cautions you not to place undue reliance on these statements.  National Penn undertakes no obligation to publicly release or update any of these statements.

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Overview

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Assets            $ 5.23 Billion

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Deposits        $ 3.79 Billion

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Loans             $ 3.50 Billion

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Equity             $ 518.7 Million

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*Adjusted for modified retrospective

method adoption under  FAS123 (R).

Financial Highlights

2Q2006

                          6/30/2006       6/30/2005*

Net Income           $16.1 million    $14.4 million    +11.8%

Diluted EPS          $ 0.34                $ 0.33               + 3.0%

Cash Dividends    $ 0.165              $ 0.160             + 3.1%

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                          6/30/2006         6/30/2005*

Net Income          $31.1 million       $28.1 million        +10.8%

Diluted EPS         $ 0.67                   $ 0.64                    +4.7%

Cash Dividends   $ 0.330                $ 0.320                  +3.1%

ROE                      12.8 %                  13.1 %

ROA                      1.24 %                  1.25 %

*Adjusted to include 5 for 4 stock split paid September 30, 2005 and

modified retrospective method adoption under FAS123 (R).

  

Financial Highlights

Year-to-Date  2Q2006