FHLBank Indianapolis announces third-quarter 2026 dividends, reports earnings
last updated on Tuesday, October 27, 2026 in Federal Home Loan Bank Indianapolis
On Oct. 27, 2026, the Board of Directors of FHLBank Indianapolis declared its third-quarter 2026 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.25% and 4%, respectively.
The dividends will be paid in cash on Oct. 28, 2026.
"While continuing to provide an attractive return to our members, we remain focused on supporting affordable housing, community development, and economic opportunity throughout our district, something we like to call our 'Community Dividend,'" President and CEO Brendan McGrath said. "Through our voluntary commitment to dedicate additional earnings to affordable housing and community investment initiatives, we are reinvesting meaningful resources into the communities our members serve. This balanced approach reflects our cooperative mission and our commitment to creating lasting value for both our members and their communities."
Financial results
Net income for the three months ended Sept. 30, 2026. was $78 million, a net decrease of $9 million compared to the corresponding period in the prior year.
- Net interest income decreased $3 million, primarily due to lower average market interest rates, partially offset by the favorable impact of higher average balances of interest-earning assets.
- Other income decreased $6 million, primarily due to declines in the fair values of investments.
- Other expenses increased $1 million, primarily due to an increase in voluntary contributions to housing and community investments programs, reflecting changes in the timing and availability of these programs.
Net income for the nine months ended Sept. 30, 2026, was $237 million, a net decrease of $14 million compared to the corresponding period in the prior year.
- Net interest income decreased $13 million, primarily due to lower average market interest rates, partially offset by the favorable impact of higher average balances of interest-earning assets.
- Other income decreased $8 million, primarily due to declines in the fair values of investments and lower net realized gains on sales of certain available-for-sale securities.
- Other expenses decreased $5 million, primarily due to a decrease in voluntary contributions to housing and community investments programs, reflecting changes in the timing and availability of these programs.
At Sept. 30, 2026, total assets were $86.1 billion, a net decrease of $186 million, or less than 1%, from Dec. 31, 2025.
The Bank's regulatory capital-to-assets ratio, at Sept. 30, 2026, was 5.67%, which exceeds all applicable regulatory capital requirements.
Affordable Housing Program Allocation
AHP assessment. For the nine months ended Sept. 30, 2026, required AHP assessments totaled $27 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.
Voluntary contributions to housing and community investment programs
As part of the Bank's commitment to further support its AHP and additional affordable housing and community investment programs, the Bank voluntarily contributed additional funding in the nine months ended Sept. 30, 2026 totaling $24 million, all of which has been recognized and reported in other expenses.
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 corpcomm@fhlbi.com.