National Penn Bancshares Turns To Profit In Q1 - Quick Facts

(RTTNews) - National Penn Bancshares Inc. (NPBC) reported net income of $22.71 million, or $0.16 per share, for the first quarter of 2014, compared to a loss of $17.40 million or $0.12 per share in the year ago quarter.

Adjusted net income for the quarter was $0.16 unchanged from last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter increased to $62.29 million from the previous year's $61.62 million. Total non-interest income was $21.48 million down from $25.58 million last year.