FHLBank Indianapolis announces first-quarter 2026 dividends, reports earnings

last updated on Tuesday, April 28, 2026 in Federal Home Loan Bank Indianapolis

On April 28, 2026, the Board of Directors of FHLBank Indianapolis declared its first-quarter 2026 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.00%, respectively.

The dividends will be paid in cash on April 29, 2026.

For the three months ending March 31, 2026, net interest income was $120 million, a net decrease of $6 million compared to the corresponding period in the prior year. The decrease was primarily due to lower market interest rates, which decreased the earnings generated from investing our capital in interest-earning assets. This decrease was partially offset by the positive impact of higher average balances of interest-earning assets.

Net income was $81 million, a net increase of $6 million compared to the corresponding period in the prior year. The increase was primarily due to an $11 million decrease in voluntary contributions to housing and community investments programs, reflecting changes in the timing and availability of our community investment programs compared to the corresponding period in the prior year. This increase was partially offset by the decrease in net interest income.

The Bank's Affordable Housing Program ("AHP") provides grant funding to support housing for low- and moderate-income families in communities served by its Michigan and Indiana members. Each year, the Bank is required to allocate to the AHP 10% of net income before assessments plus interest expense on mandatorily redeemable capital stock. For the three months ended March 31, 2026, required AHP assessments totaled $9 million, which will be available to the Bank's members in 2027 to help address their communities' affordable housing needs, including construction, rehabilitation, accessibility improvements, and homebuyer down-payment assistance.

Consistent with 2025, the Bank has committed to allocating voluntary funding in the amount of 7.5% of prior year's net earnings to various affordable housing and community investment programs in 2026.

Click here to read the Bank's full news release.

Questions? Contact Corporate Communications at [email protected].