National Penn Bancshares (NPBC) 8-K 2006 4th Quarter Earnings Webcast Presentation - Prepared Remarks

EXHIBIT 99.2

SLIDE PRESENTATION

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January  2007

2006 Earnings Webcast

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#2 / January  2007

Safe Harbor Regarding

Forward Looking Statements

 This presentation contains forward-looking information concerning 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 and developments; 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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#3 / January  2007

Overview

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Assets $ 5.45 Billion

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Loans  $ 3.63 Billion

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Deposits    $ 3.83 Billion

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Equity         $ 542.9 Million 

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#4 / January  2007

*Adjusted for a 3% stock dividend paid September 30, 2006 and modified

retrospective method adoption under FAS123 (R). 

Financial Highlights

4Q2006

12/31/2006 12/31/2005*

Net Income          $16.4 million     $15.9 million      +3.0%

Diluted EPS $ 0.34$ 0.35          - -2.9%

Cash Dividends   $ 0.1675  $ 0.1600             + 4.7%

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#5 / January  2007

 12/31/2006  12/31/2005*

Net Income     $64.1 million $58.5 million  +   9.6%

Diluted EPS    $ 1.33    $ 1.29        +   3.1%

Cash Dividends     $ 0.648                 $ 0.626                  +   3.5%

ROE 12.64 % 13.39 %

ROA   1.24 %   1.29 %

*Adjusted for a 3% stock dividend paid September 30, 2006 and

modified retrospective method adoption under FAS123 (R).

Financial Highlights
Year-to-Date