With gold slipping below $4,000, oil prices climbing and the Federal Reserve sounding more hawkish on rates, many investors are looking again at US Dollar and short term Treasury Securities as potential parking spots for cash. Higher short term yields and a stronger dollar can change how attractive different stocks look, especially those tied to money markets, short dated government debt or cash alternatives. This article highlights 3 stocks from our US Dollar and Short Term Treasury Securities screener that appear positively exposed to these cross currents. It is intended to help you decide which ideas might deserve a closer look now.

First Internet Bancorp (INBK)

Overview: First Internet Bancorp is an online focused US bank holding company that offers a wide range of commercial, small business, consumer, and municipal banking services, from checking and savings to mortgages and specialized lending, primarily through its digital platform rather than branches. Founded in 1998 and based in Indiana, it serves individuals, companies and government entities across the United States.

Operations: First Internet Bancorp generates about US$47.4 million in revenue from commercial banking activities in the United States.

Market Cap: US$232.9 million

First Internet Bancorp stands out in a world of higher US rates because its online model is geared toward high yield savings and money market accounts that can attract cautious depositors looking for safety and yield at the same time. The stock trades at a low P/B of 0.6x, which contrasts with its current unprofitable status and recent credit issues in franchise finance and SBA lending. Recent results, index removals and a modest dividend show a business in transition. A key consideration is whether the improving net interest income and digital deposit growth can outweigh the credit and valuation risks that investors need to watch closely.

First Internet Bancorp appears to be a classic valuation puzzle, with a low P/B alongside recent setbacks that many investors may be over weighting. Get the fuller picture with the 1 key reward and 1 important warning sign

Midland States Bancorp (MSBI)

Overview: Midland States Bancorp is a regional financial holding company for Midland States Bank, offering a full suite of banking, lending, equipment leasing, and wealth management services to individuals, businesses, municipalities, and other clients across the United States, with roots going back to 1881 in Effingham, Illinois.

Operations: Midland States Bancorp generates about US$254.7 million from Banking and US$31.8 million from Wealth Management, offset by a US$12.0 million Corporate segment loss, all from customers in the United States.

Market Cap: US$645.1 million

Midland States Bancorp is positioned at the intersection of several themes in the US Dollar and short term Treasuries trade. It operates a community banking franchise that is closely tied to loans and securities linked to US government debt and a deposit base that can be sensitive to movements in short term yields. The stock is currently profitable again, yet its P/E sits between a premium to many banks and a discount to some peers. That mix, alongside a 4.11% dividend that is not fully covered by earnings and a history of earnings decline, makes this a story where balance sheet quality, dividend sustainability, and the path of interest rates can be important considerations for investors evaluating the headline multiples.

Midland States Bancorp sits in an unusual spot, with a profitable business, a 4.11% dividend and questions around sustainability and balance sheet strength that many investors may not have fully pieced together yet. The 3 key rewards and 1 important warning sign might surface the twist that changes how you view that payout and its sensitivity to the next rate move.

Kearny Financial (KRNY)

Overview: Kearny Financial is a long established New Jersey based thrift bank that takes in a wide range of US dollar deposits and turns them into mortgage, commercial, and construction loans for households, property investors, and businesses, alongside a securities investment portfolio.

Operations: Kearny Financial generates about US$170.6 million from thrift and savings and loan activities in the United States.

Market Cap: US$597.9 million

Kearny Financial provides focused exposure to US dollar deposits and interest income at a time when higher short term rates are front and center, with net interest margins closely tied to the same Fed policy shifts that are unsettling risk assets. The stock sits in the middle of the pack on valuation, with a P/E above the US banks average but below the broader market, backed by high quality earnings and a recent return to profitability after several years of decline. Forecast earnings growth in the mid 20% range and experienced management are encouraging. However, a low forecast ROE, past earnings weakness and an unstable dividend record mean this is not a simple rate beneficiary story and the details matter.

Kearny Financial looks like an earnings recovery story that the market has not fully joined yet, with profitability returning while key questions linger around sustainability, risk and capital use. The analyst forecasts for Kearny Financial could shift how you see that balance before the next move.

The three stocks covered here are just a starting point. The full US Dollar and Short-Term Treasury Securities screener surfaces 46 more companies that pair dollar and short term Treasury exposure with narratives around deposits, funding, and cash like yields. Use Simply Wall St to analyze and filter those ideas by the specific catalysts that matter to you, so you can identify the opportunities that best fit your own watchlist.

Take Control of Your Investment Journey

If Midland States Bancorp or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.