Exhibit 99.1

Susquehanna Bancshares, Inc. Announces Fourth Quarter and Full Year 2013 Results

Fourth Quarter Highlights

• Strong Fee Income Drives GAAP EPS of $0.22
• Linked Quarter Commercial Loan Growth of 5.3%
• Linked Quarter Core Deposit Growth of 1.7%
• Continued Improvement in Credit Quality with Lower Loan Loss Provision

LITITZ, Pa.--(BUSINESS WIRE)--January 22, 2014--Susquehanna Bancshares, Inc. (Susquehanna) (NASDAQ: SUSQ) today announced that it earned net income for the fourth quarter ended December 31, 2013 of $41.3 million, or $0.22 per diluted share, compared to $43.2 million, or $0.23 per diluted share, for the fourth quarter of 2012. Net income for the year ended 2013 was $173.7 million, or $0.92 per diluted share, compared with $141.2 million, or $0.77 per diluted share for the same period in 2012.

“2013 was a year of many accomplishments, including the achievement of record earnings,” said William J. Reuter, Chairman and Chief Executive Officer of Susquehanna. “In acknowledgment of the transformation occurring in our industry and our position as a top 50 bank, we are in the midst of a multi-year strategy to strengthen our focus on building enduring relationships with customers and structure an organization that is optimally positioned to compete in the future. The investments in people, processes and systems needed to secure this position are ongoing and vital given the dynamic nature of our business.”

Linked Quarter Results (Fourth Quarter 2013 vs. Third Quarter 2013)

• Loans and leases increased $199.6 million or 1.5% from September 30, 2013 to $13.6 billion at December 31, 2013. Changes for the quarter in each major loan category were as follows:
  • Commercial loans increased 5.3%.
  • Real estate – construction loans decreased 3.8%.
  • Real estate secured – residential loans increased 1.4%.
  • Real estate secured – commercial loans decreased 1.0%.
  • Consumer loans increased 1.9%.
  • Leases increased 6.2%.

• Total deposits increased $147.7 million or 1.2% from September 30, 2013 to $12.9 billion at December 31, 2013. Changes for the quarter in each major deposit category were as follows:
  • Non-interest bearing demand deposits increased 2.2%.
  • Interest-bearing demand deposits increased 1.6%.
  • Savings deposits increased 1.1%.
  • Time deposits decreased 0.1%.

• Net interest margin declined 12 basis points to 3.60% for the fourth quarter of 2013, compared to 3.72% for the third quarter of 2013. Net interest margin (excluding purchase accounting) ⁽¹⁾ declined 9 basis points to 3.45% for the fourth quarter of 2013, compared to 3.54% for the third quarter of 2013.
• Non-interest income increased to $50.7 million for the fourth quarter of 2013, compared to $41.3 million for the third quarter. The fourth quarter included a gain on sale of branch properties of $5.0 million related to the sale leaseback transaction completed in December 2013. Solid performance in fee income activities, especially capital markets, also contributed to the linked quarter increase.
• Non-interest expense for the fourth quarter of 2013 increased to $135.7 million, compared to $117.7 million in the third quarter. The fourth quarter included branch consolidation costs of $6.6 million. The primary driver of the remaining increase was stronger than anticipated fourth quarter results, particularly in commercial loan growth, that resulted in additional incentive compensation expense. Additionally, in the third quarter there was an adjustment in benefits accrual which reduced expenses.
• The efficiency ratio ⁽¹⁾ for the fourth quarter of 2013 increased to 68.84%, compared to 61.62% in the third quarter. The primary drivers of the increase were higher salary and benefit expenses and branch consolidation costs partially offset by a gain on sale of branch properties.
• Non-performing assets as a percentage of loans, leases and foreclosed real estate owned decreased to 0.86% at December 31, 2013, compared to 0.89% at September 30, 2013. Due to continued improvement in asset quality, the provision for loan and lease losses in the fourth quarter decreased to $2.0 million compared to $5.0 million in the third quarter. Net charge-offs for the fourth quarter decreased to $11.1 million, or 0.33% of average loans, compared to $16.9 million, or 0.50% of average loans, for the third quarter. As a result, the allowance for loan and lease losses was $157.6 million at December 31, 2013, representing 1.16% of total loans and leases and 156% of nonaccrual loans and leases, compared to $166.7 million at September 30, 2013, representing 1.25% of total loans and leases and 164% of nonaccrual loans and leases.

Full Year Results (2013 vs. 2012)

• Loans and leases increased $681.3 million or 5.3% from December 31, 2012 to $13.6 billion at December 31, 2013. Changes for the twelve month period in each major loan category were as follows:
  • Commercial loans increased 5.3%.
  • Real estate - construction loans decreased 13.2%.
  • Real estate secured - residential loans increased 3.4%.
  • Real estate secured - commercial loans increased 2.6%.
  • Consumer loans increased 13.1%.
  • Leases increased 35.4%.

• Total deposits increased $289.3 million or 2.3% from December 31, 2012 to $12.9 billion as of December 31, 2013. Changes for the twelve month period in each major deposit category were as follows:
  • Non-interest-bearing demand deposits decreased 3.0%.
  • Interest-bearing demand deposits increased 3.8%.
  • Savings deposits increased 4.4%.
  • Time deposits increased 2.1%.

• Net interest margin decreased 22 basis points to 3.79% compared to 4.01% for 2012. Net interest margin (excluding purchase accounting) ⁽¹⁾ declined 16 basis points to 3.53% in 2013, compared to 3.69% for 2012.
• Non-interest income increased to $183.7 million in 2013, compared to $166.8 million in 2012. Full year 2013 included a gain on sale of branch properties of $5.0 million related to the sale leaseback transaction completed in December 2013.
• Non-interest expense was $490.8 million in 2013, compared to $490.0 million in 2012.
• The efficiency ratio ⁽¹⁾ for 2013 increased to 62.55% from 60.37% in 2012, calculated after excluding merger related expenses and losses on the extinguishment of debt in 2012.
• Net charge-offs as a percentage of average loans and leases for 2013 was 0.44% compared to 0.55% for 2012. Non-performing assets as a percentage of loans, leases and foreclosed real estate was 0.86% at December 31, 2013 compared to 0.96% at December 31, 2012. The provision for loan and lease losses for 2013 was $31.0 million, compared to $64.0 million for 2012. The allowance for loan and lease losses was $157.6 million at December 31, 2013, representing 1.16% of total loans and leases and 156% of nonaccrual loans and leases, compared to $184.0 million at December 31, 2012, representing 1.43% of total loans and leases and 188% of nonaccrual loans and leases.
• Return on average assets and average tangible equity ⁽¹⁾ for 2013 finished at 0.95% and 13.57%, respectively. This compared to results of 0.81% and 12.03%, for the same measurements, respectively, for 2012.
• Susquehanna’s capital ratios continue to exceed internal capital targets and those required to be considered “well-capitalized” under the current regulatory requirements, with a Tier 1 common ratio of 10.58%, Tier 1 risk-weighted capital ratio of 11.68%, Total risk-weighted capital ratio of 13.01% and a Leverage ratio of 9.54%, each as of December 31, 2013. Based on a preliminary analysis of the new capital rules approved in July 2013, management believes that Susquehanna would be fully compliant with the revised capital ratio standards as of December 31, 2013 if they were effective on that date.

⁽¹⁾ Non-GAAP based financial measure. Please refer to the calculations and management’s reasons for using this measure in the accompanying financial schedules

Additional Events

• As a result of the issuance of an interim final rule (“IFR”) published by federal regulatory agencies on January 14, 2014, Susquehanna’s trust preferred securities (“TruPS”) collateralized debt obligations will remain permissible holdings under the final rule adopted under Section 619 of the Dodd-Frank Act (commonly referred to as the “Volcker Rule”) and the IFR because they were invested primarily in 'qualifying TruPS collateral.'
• On December 23, 2013, Susquehanna Bank closed the sale of a portfolio of 30 of its branch bank properties. The aggregate sale price was $57.1 million with proceeds received of $54.2 million, net of closing costs and pre-paid rent. Contemporaneous with the sale, Susquehanna Bank entered into long-term lease agreements pursuant to which Susquehanna Bank will lease back the properties. The transaction was reported on a Form 8-K dated December 23, 2013, which was filed with the Securities and Exchange Commission on December 26, 2013.
• On January 15, 2014, Susquehanna’s Board of Directors declared a first quarter dividend of $0.08 per common share, payable February 20, 2014 to shareholders of record as of January 30, 2014.

Susquehanna will broadcast its fourth quarter and full year 2013 results conference call over the Internet on January 23, 2014, at 11:00 a.m. Eastern time. The conference call will include management’s discussion of fourth quarter and full year 2013 financial results. The discussion may also include forward-looking statements relating to customer relationship strategies; 2014 performance; loan and deposit volume and growth; fee income activities and revenues; and the impact of purchase accounting benefit on financial results. Investors will have the opportunity to listen to the conference call through a live broadcast on Susquehanna’s website. The event may be accessed by selecting "Investor Relations" near the bottom of the home page and clicking on the fourth quarter webcast link. To listen to the live call, please go to the website at least 15 minutes prior to the scheduled start time to download and install any necessary audio software. For those who are unable to listen to the live broadcast, an archived replay and podcast will be available on the website shortly after the call concludes.

Susquehanna is a financial services holding company with assets of approximately $18.5 billion. Headquartered in Lititz, Pa., Susquehanna provides banking and financial services at 245 branch locations in the mid-Atlantic region. Through Susquehanna Wealth Management, the company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services, with approximately $7.6 billion in assets under management and administration. Susquehanna also operates an insurance brokerage and employee benefits company, a commercial finance company and a vehicle leasing company. Investor information may be requested through Susquehanna’s Website at www.susquehanna.net.

This press release contains certain financial information determined by methods other than in accordance with GAAP. Susquehanna’s management uses these non-GAAP measures in its analysis of the company’s performance. These non-GAAP financial measures require management to make judgments about the exclusion of certain items, and if different judgments were made, the amounts reported would be different. These measures typically exclude the effects of intangibles and related amortization and include the tax benefit associated with revenue items that are tax-exempt. Disclosures regarding these non-GAAP financial measures are included in the accompanying financial information.

The presentation of these non-GAAP financial measures is intended to supplement investors’ understanding of Susquehanna’s core business activities. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies.

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Forward-looking statements can be identified by words such as “believes,” “anticipates,” “expects,” “intends,” “targeted,” “continue,” “remain,” “will,” “should,” “may,” “plans,” “estimates,” and similar references to future periods; however, such words are not the exclusive means of identifying such statements. The risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of Susquehanna’s business strategy due to changes in current or future market conditions; the effects of competition, including industry consolidation and development of competing financial products and services; the costs and effects of legal and regulatory developments including the resolution of legal proceedings or regulatory or other governmental inquiries and the results of regulatory examinations or reviews; interest rate movements; changes in credit quality; deteriorating economic conditions; other risks and uncertainties; our success at managing the risks involved in the foregoing items; and the other factors detailed in Susquehanna’s filings with the Securities and Exchange Commission. Susquehanna encourages readers of this release to understand forward-looking statements to be strategic objectives rather than absolute targets of future performance. Forward-looking statements speak only as of the date they are made. Susquehanna does not intend to update publicly any forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events except as required by law.

(1) Non-GAAP based financial measures. Please refer to the calculations and management's reasons for using these measures in Appendix A - GAAP to Non-GAAP Reconciliation