FHLB Indianapolis reports Q1 2024 net income $95M, up $3M YoY; declares dividends at 9.50%/4.50% annualized

Federal Home Loan Bank of Indianapolis

Net income $95M, up $3M YoY; driven by higher earnings on capital-funded assets due to rising rates, offset by absence of prior-year extinguishment gains.
Dividends declared: Class B-2 activity-based at 9.50% annualized, Class B-1 at 4.50%; paid April 26.
Total assets $71.4B, down 7% from Dec 31, 2023, due to decreases in investments; advances $35.3B, flat.
Regulatory capital-to-assets ratio 6.03%, exceeding all requirements; total capital $4.0B, up 6%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Federal Home Loan Bank of Indianapolis reported first quarter of 2024 results: net income $95 million.

Period: first quarter of 2024
Net income: $95 million
Result: reported results

Exact text from the filing

Net income, for the first quarter of 2024, was $95 million, an increase of $3 million compared to the corresponding quarter in the prior year.

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Source: SEC EDGAR

accession 0001331754-24-000093

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