# EDGAR Filing Document

**Accession Number:** 0001331754
**File Stem:** 0001331754-26-000097
**Filing Date:** 2026-4
**Character Count:** 14469
**Document Hash:** 428bb76c8f2e451e5d75b934ac8853b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001331754-26-000097.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001331754-26-000097

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260428

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Indianapolis
- **CENTRAL INDEX KEY:** 0001331754
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 356001443
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51404
- **FILM NUMBER:** 26904283

**BUSINESS ADDRESS:**
- **STREET 1:** 8250 WOODFIELD CROSSING BOULEVARD
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240
- **BUSINESS PHONE:** 317-465-0200

**MAIL ADDRESS:**
- **STREET 1:** 8250 WOODFIELD CROSSING BOULEVARD
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240

?xml version='1.0' encoding='ASCII'? fhlbi-20260428

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

______________________________

**FORM 8-K** 

______________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): April 28, 2026**

______________________________

**FEDERAL HOME LOAN BANK OF INDIANAPOLIS**

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 **______________________________**

---

| | | |
|:---|:---|:---|
| **Federally Chartered<br>Corporation of the** | **000-51404** | **35-6001443** |
| **United States** | **000-51404** | **35-6001443** |
| (State or other jurisdiction of<br>incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**8250 Woodfield Crossing Blvd.**

**Indianapolis IN 46240**

(Address of Principal Executive Offices, including Zip Code)

**(317) 465-0200**

(Registrant's Telephone Number, Including Area Code)

**Not Applicable**

(Former name or former address, if changed since last report.)

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

□ Written communications pursuant to Rule 425 under the Securities Act

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>None</u> <u>None</u> <u>None</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 2.02. Results of Operations and Financial Condition** 

On April 28, 2026, the Federal Home Loan Bank of Indianapolis (the Bank) issued a news release announcing dividends declared and financial results for the quarter ended March 31, 2026. A copy of the news release is included as Exhibit 99.1 to this report.

\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*

The information contained in Exhibit 99.1 is being furnished pursuant to Item 2.02 of this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

This Current Report on Form 8-K (including the Exhibits hereto) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• speak only as of the date of the news release;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• are based on the current beliefs and expectations of Bank management; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• are subject to significant risks and uncertainties.

Actual results may differ from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in the Bank's Annual Report on Form 10-K for the year ended December 31, 2025, which has been filed with the Securities and Exchange Commission and is available at www.sec.gov. The Bank does not undertake any obligation to update any forward-looking statements.

**Item 9.01. Financial Statements and Exhibits** 

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 99.1 | <u>[News Release of Federal Home Loan Bank of Indianapolis, dated April 28, 2026](earningsreleaseex991-1q2026.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 28, 2026

---

| | |
|:---|:---|
| **FEDERAL HOME LOAN BANK OF INDIANAPOLIS** | **FEDERAL HOME LOAN BANK OF INDIANAPOLIS** |
| By: | /s/STEPHANIE L. LESNET |
|  | Stephanie L. Lesnet |
|  | Senior Vice President - Chief Accounting Officer |

---

## Exhibit 99.1

Exhibit 99.1

![logoa11.jpg](logoa11.jpg)

**NEWS RELEASE**

FOR IMMEDIATE RELEASE <br> April 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Federal Home Loan Bank of Indianapolis Announces First 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 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.

**<u>Earnings Highlights</u>**

*Three Months Ended 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.

*Affordable Housing Program Allocation* 

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.

------

Exhibit 99.1

*Condensed Statements of Income*

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

---

| | | |
|:---|:---|:---|
| | **Three Months Ended<br>March 31,** | **Three Months Ended<br>March 31,** |
| | **2026** | **2025** |
| Interest income | $869 | $940 |
| Interest expense | 749 | 814 |
| Net interest income after provision for credit losses | 120 | 126 |
| Other income | 1 |  |
| Other expenses | 31 | 42 |
| AHP assessments | 9 | 9 |
| Net income | $81 | $75 |

---

**<u>Balance Sheet Highlights</u>**

Total assets, at March 31, 2026, were $87.7 billion, a net increase of $1.4 billion, or 2%, from December 31, 2025.

*Advances*

The carrying value of advances outstanding, at March 31, 2026, totaled $40.7 billion, a net increase of $1.1 billion, or 3%, from December 31, 2025.

In general, advances fluctuate in accordance with members' funding needs, primarily determined by their deposit levels, mortgage pipelines, loan growth, investment opportunities, available collateral, other balance sheet strategies, and the cost of alternative funding options.

*Mortgage Loans Held for Portfolio*

Mortgage loans held for portfolio, at March 31, 2026, totaled $12.6 billion, a net increase of $150 million, or 1%, from December 31, 2025.

In general, the Bank's volume of mortgage loans purchased is affected by several factors, including interest rates, competition, the general level of housing and refinancing activity in the United States, consumer product preferences, the Bank's balance sheet capacity, risk appetite, and regulatory considerations.

*Total Investments*

Total investments, which consists of investment securities and liquidity investments, totaled $33.6 billion at March 31, 2026, a net increase of $163 million, or less than 1%, from December 31, 2025.

------

Exhibit 99.1

*Capital*

Total capital, at March 31, 2026, was $4.7 billion, a net increase of $127 million, or 3%, from December 31, 2025. The net increase resulted primarily from members' purchases of capital stock to support their advances activity and growth in retained earnings.

The Bank's regulatory capital-to-assets ratio, at March 31, 2026, was 5.62%, which exceeds all applicable regulatory capital requirements.

*Condensed Statements of Condition*

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

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Advances | $40736 | $39611 |
| Mortgage loans held for portfolio, net | 12594 | 12444 |
| Total investments | 33592 | 33429 |
| Other assets | 744 | 776 |
| Total assets | $87666 | $86260 |
| Consolidated obligations | $81017 | $79677 |
| Mandatorily redeemable capital stock | 282 | 282 |
| Other liabilities | 1686 | 1747 |
| Total liabilities | 82985 | 81706 |
| Capital stock | 2823 | 2696 |
| Retained earnings | 1825 | 1798 |
| Accumulated other comprehensive income (loss) | 33 | 60 |
| Total capital | 4681 | 4554 |
| Total liabilities and capital | $87666 | $86260 |
| Total regulatory capital | $4930 | $4776 |
| Regulatory capital-to-assets ratio | 5.62% | 5.54% |

---

------

Exhibit 99.1

All amounts referenced above are unaudited. More detailed information about FHLBank Indianapolis' financial condition as of March 31, 2026, and its results for the three 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.

**Safe Harbor Statement**

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 concerning plans, objectives, goals, strategies, future events and performance. Forward-looking statements can be identified by words such as "will," "believes," "may," "temporary," "estimates," and "expects" or the negative of these words or comparable terminology. Each forward-looking statement contained in this news release reflects FHLBank Indianapolis' current beliefs and expectations. Actual results or performance may differ materially from what is expressed in any forward-looking statements.

Any forward-looking statement contained in this news release speaks only as of the date on which it was made. FHLBank Indianapolis undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Readers are referred to the documents filed by the Bank with the U.S. Securities and Exchange Commission ("SEC"), specifically reports on Form 10-K and Form 10-Q, which include factors that could cause actual results to differ from forward-looking statements. These reports are available at <u>www.sec.gov</u>.

###

**Media Contact:** 

For more information, contact John Bingham, SVP, MPP and Corporate Communications, at jbingham@fhlbi.com.

**Building Partnerships. Serving Communities.**

For more information about FHLBank Indianapolis, visit www.fhlbi.com. Also, follow the Bank on LinkedIn, as well as Instagram and X at @FHLBankIndy. Please note that content the Bank shares on its website and social media is not incorporated by reference into any of its filings with the SEC unless, and only to the extent that, a filing by the Bank with the SEC expressly provides to the contrary.

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