Federal Home Loan Bank of Indianapolis Announces Second Quarter 2026 Dividends, Reports Earnings (Form 8-K)

Federal Home Loan Bank of Indianapolis Announces Second Quarter 2026 Dividends, Reports Earnings

INDIANAPOLIS - Today the Board of Directors of the Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis" or "Bank") declared its second 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 July 29, 2026.

Financial Results

Net income for the three months ended June 30, 2026 was $78 million, a net decrease of $12 million compared to the corresponding period in the prior year.

•Net interest income decreased $4 million, primarily due to lower market interest rates, partially offset by the favorable impact of higher average balances of interest-earning assets.

•Other income decreased $4 million, primarily due to fair value changes on our economic derivatives and trading securities.

•Other expenses increased $5 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 six months ended June 30, 2026 was $159 million, a net decrease of $5 million compared to the corresponding period in the prior year.

•Net interest income decreased $9 million, primarily due to lower market interest rates, partially offset by the favorable impact of higher average balances of interest-earning assets.

•Other income decreased $3 million, primarily due to a decrease in net realized gains on sales of certain available-for-sale securities.

•Other expenses decreased $6 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 June 30, 2026, total assets were $90.4 billion, a net increase of $4.2 billion, or 5%, from December 31, 2025, primarily driven by increases in advances and short-term investments of $2.1 billion and $1.1 billion, respectively.

The Bank's regulatory capital-to-assets ratio, at June 30, 2026, was 5.33%, which exceeds all applicable regulatory capital requirements.

1

Affordable Housing Program Allocation

AHP assessment. For the six months ended June 30, 2026, required AHP assessments totaled $18 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 six months ended June 30, 2026 totaling $10 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.

2

Financial Highlights

Condensed Statements of Condition

The following table presents unaudited condensed statements of condition ($ amounts in millions):

						June 30, 2026						December 31, 2025
Advances						$	41,712					$	39,611
Mortgage loans held for portfolio, net						13,035						12,444
Cash and investments						34,882						33,429
Other assets						799						776
Total assets						$	90,428					$	86,260
Consolidated obligations						$	83,724					$	79,677
Mandatorily redeemable capital stock						208						282
Other liabilities						1,794						1,747
Total liabilities						85,726						81,706
Capital stock						2,763						2,696
Retained earnings						1,849						1,798
Accumulated other comprehensive income (loss)						90						60
Total capital						4,702						4,554
Total liabilities and capital						$	90,428					$	86,260
Total regulatory capital						$	4,820					$	4,776
Regulatory capital-to-assets ratio						5.33		%				5.54		%

Condensed Statements of Income

The following table presents unaudited condensed statements of income ($ amounts in millions):

						Three Months Ended June 30,												Six Months Ended June 30,
						2026						2025						2026						2025
Interest income						$	887					$	987					$	1,756					$	1,927
Interest expense						763						859						1,512						1,674
Net interest income after provision for credit losses						124						128						244						253
Other income						5						9						6						9
Other expenses						42						37						73						79
AHP assessments						9						10						18						19
Net income						$	78					$	90					$	159					$	164

3

All amounts referenced above are unaudited. More detailed information about FHLBank Indianapolis' financial condition as of June 30, 2026, and its results for the three and six months then ended, will be included in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Bank's Quarterly Report on Form 10-Q.