Federal Home Loan Bank of Indianapolis Announces Third Quarter 2026 Dividends
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INDIANAPOLIS, Oct. 27, 2026 /CourierPR/ -- Federal Home Loan Bank of Indianapolis has announced 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 4.00%, respectively. The dividends will be paid in cash on October 28, 2026.
President and CEO Brendan McGrath emphasized the bank's commitment to its members and the communities they serve.
For the three months ended September 30, 2026, the bank reported a net income of $78 million, a decrease of $9 million compared to the corresponding period in the prior year. The bank's financial results for the nine months ended September 30, 2026, showed a net income of $237 million, a net decrease of $14 million compared to the same period in 2025. Specifically, net interest income decreased by $13 million, primarily due to lower average market interest rates, partially offset by the favorable impact of higher average balances of interest-earning assets.
Total assets for the bank at September 30, 2026, stood at $86.1 billion, a net decrease of $186 million, or less than 1%, from December 31, 2025. The Bank's regulatory capital-to-assets ratio, at September 30, 2026, was 5.67%, which exceeds all applicable regulatory capital requirements.
The bank's Affordable Housing Program (AHP) assessment for the nine months ended September 30, 2026, 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. Additionally, the bank voluntarily contributed $24 million to housing and community investment programs during the same period, reflecting its commitment to further support its AHP and other affordable housing initiatives.
In line with its 2025 commitment, the bank has allocated voluntary funding in the amount of 7.5% of its prior year's net earnings to various affordable housing and community investment programs in 2026. Detailed financial information will be included in the bank's Quarterly Report on Form 10-Q, which will be available to the public.
The bank's financial performance reflects a balanced approach to maintaining returns for its members while reinvesting in community development.