FHLBank Indianapolis announces fourth quarter 2023 dividends, reports earnings

last updated on Thursday, February 22, 2024 in Finance News

On Feb. 22, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9% and 4%, respectively. The higher dividend rate on activity-based stock reflects the Board’s discretion under the Bank’s capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs.

The dividends will be paid in cash on Feb. 23, 2024.

“Once again, our members-first focus produced impressive year-end results, including effective partnerships within our cooperative, strong advances activity, safe and sound lending practices, and smart investments in people and processes to support the business,” President and CEO Cindy Konich said. “I’m proud to share our continued success translated into another strong dividend to our members.”

She added: “Our forward focus promises an exciting, productive year ahead, too, as we look to expand our affordable housing and community development touch through more direct engagements with our members, and telling the story of how and why FHLBank Indianapolis is a critical economic force in our district of Michigan and Indiana.”

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