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EARNINGS
National Penn Bancshares on Thursday reported improved net profits in the fourth quarter and full year.
For the quarter, net profits were $25.1 million (17 cents a share), up 21.2 percent from $20.7 million (14 cents a share) in the 2011 quarter.
Net profits for the year were $98.9 million (66 cents a share), up 17.2 percent from $84.4 million (56 cents a share) in 2011.
Boyertown-based National Penn was helped by the absence of corporate reorganization expense and losses on debt extinguishment in the 2012 periods, and higher non-interest income.
National Penn posted total assets of $8.5 billion at Dec. 31.
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