# EDGAR Filing Document

**Accession Number:** 0001331754
**File Stem:** 0001331754-26-000033
**Filing Date:** 2026-2
**Character Count:** 15536
**Document Hash:** f46efc730a7d78bde11c793248b24bac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001331754-26-000033.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001331754-26-000033

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260219

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**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:** 26652440

**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-20260219

**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): February 19, 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 February 19, 2026, the Federal Home Loan Bank of Indianapolis (the Bank) issued a news release announcing dividends declared and financial results for the quarter ended December 31, 2025. 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, 2024, 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](earningsreleaseex991-4q2025.htm)[February](earningsreleaseex991-4q2025.htm)[19](earningsreleaseex991-4q2025.htm)[, 202](earningsreleaseex991-4q2025.htm)[6](earningsreleaseex991-4q2025.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: February 19, 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

![logoa11a.jpg](logoa11a.jpg)

**NEWS RELEASE**

FOR IMMEDIATE RELEASE <br> February 19, 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 Fourth Quarter 2025 Dividends, Reports Earnings**

INDIANAPOLIS — Today the Board of Directors of the Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis" or "Bank") declared its fourth quarter 2025 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 February 20, 2026.

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

*Three Months Ended December 31, 2025*

Net interest income was $131 million, a net increase of $8 million compared to the corresponding period in the prior year. The increase was primarily due to higher interest spreads on interest-earning assets, net of interest-bearing liabilities, partially offset by lower earnings generated from investing our capital in interest-earning assets.

Net income was $73 million, a net increase of $6 million compared to the corresponding period in the prior year. The increase was primarily due to higher net interest income.

*Year Ended December 31, 2025*

Net interest income was $517 million, a net increase of $10 million compared to the prior year. The increase was primarily due to higher advance prepayment fees, net of swap termination fees, and higher interest spreads on interest-earning assets, net of interest-bearing liabilities, partially offset by lower earnings generated from investing our capital in interest-earning assets.

Net income was $324 million, a net decrease of $18 million compared to the prior year. The decrease was primarily due to valuation changes on our economic hedges resulting from interest rate volatility and an acceleration of the amortization of pension benefits from accumulated other comprehensive income to other expenses.

------

Exhibit 99.1

*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 year ended December 31, 2025, required AHP assessments totaled $38 million, which will be available to the Bank's members in 2026 to help address their communities' affordable housing needs, including construction, rehabilitation, accessibility improvements, and homebuyer down-payment assistance.

In addition, the Bank voluntarily contributed $36 million in 2025 as part of the Bank's commitment to further support its AHP and additional affordable housing and community investment programs, which has been recognized and reported in other expenses.

*Condensed Statements of Income*

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended<br>December 31,** | **Year Ended<br>December 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| Interest income | $931 | $989 | $3854 | $4130 |
| Interest expense | 800 | 866 | 3337 | 3623 |
| Provision for credit losses |  |  |  |  |
| Net interest income after provision for credit losses | 131 | 123 | 517 | 507 |
| Other income | 4 | 6 | 21 | 32 |
| Other expenses | 53 | 54 | 176 | 157 |
| AHP assessments | 9 | 8 | 38 | 40 |
| Net income | $73 | $67 | $324 | $342 |

---

------

Exhibit 99.1

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

Total assets, at December 31, 2025, were $86.3 billion, a net increase of $1.7 billion, or 2%, from December 31, 2024.

*Advances*

The carrying value of advances outstanding, at December 31, 2025, totaled $39.6 billion, a net decrease of $222 million, or less than 1%, from December 31, 2024.

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 December 31, 2025, totaled $12.4 billion, a net increase of $1.6 billion, or 15%, from December 31, 2024, as the Bank's purchases from its members exceeded principal repayments by borrowers.

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 $33.4 billion at December 31, 2025, a net increase of $329 million, or 1%, from December 31, 2024.

*Capital*

Total capital, at December 31, 2025, was $4.6 billion, a net increase of $319 million, or 8%, from December 31, 2024. The net increase resulted primarily from members' purchases of capital stock to support their advance activity and growth in retained earnings, offset by the Bank's repurchases of capital stock in the first quarter of 2025.

The Bank's regulatory capital-to-assets ratio, at December 31, 2025, was 5.54%, which exceeds all applicable regulatory capital requirements.

------

Exhibit 99.1

*Condensed Statements of Condition*

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

---

| | | |
|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2024** |
| Advances | $39611 | $39833 |
| Mortgage loans held for portfolio, net | 12444 | 10796 |
| Total investments | 33429 | 33100 |
| Other assets | 776 | 806 |
| Total assets | $86260 | $84535 |
| Consolidated obligations | $79677 | $78085 |
| Mandatorily redeemable capital stock | 282 | 363 |
| Other liabilities | 1747 | 1852 |
| Total liabilities | 81706 | 80300 |
| Capital stock | 2696 | 2555 |
| Retained earnings | 1798 | 1684 |
| Accumulated other comprehensive income (loss) | 60 | (4) |
| Total capital | 4554 | 4235 |
| Total liabilities and capital | $86260 | $84535 |
| Total regulatory capital | $4776 | $4602 |
| Regulatory capital-to-assets ratio | 5.54% | 5.44% |

---

------

Exhibit 99.1

All amounts referenced above are unaudited. More detailed information about FHLBank Indianapolis' financial condition as of December 31, 2025, and its results for the year then ended, will be included in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Bank's Annual Report on Form 10-K.

**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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