First Mid Bancshares, Inc.
First Mid Bancshares, Inc. (NASDAQ: FMBH) is trading at $49.36, about ₹4,742 at today's USD/INR rate, as of 29 Sep 2026, 9:39 AM ET, down 0.06% today. Indian residents can buy First Mid Bancshares from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$49.24
Today's high
$49.69
52 week low
$34.16
52 week high
$53.36
FMBH opened at $49.51, closed previously at $49.39, and has traded between $34.16 and $53.36 over the past 52 weeks.
About
First Mid Bancshares, Inc. (FMBH) functions as a financial holding company, delivering a broad spectrum of community banking solutions to commercial, retail, and agricultural clients throughout the United States. The institution facilitates various deposit accounts, including checking, savings, money market, and certificates of deposit. Its comprehensive lending suite encompasses financing for commercial real estate, industrial operations, agricultural endeavors (including related real estate), residential properties, and consumer needs. Furthermore, it extends credit to municipalities for community development projects, such as infrastructure enhancements or equipment procurement. Beyond its core banking activities, First Mid Bancshares offers specialized wealth management services. These include estate planning, investment guidance, and farm management and brokerage services for individuals, alongside employee benefit programs for businesses. The company also provides a range of insurance products, featuring property and casualty, senior-specific plans, and group medical coverage for corporate clients, in addition to personal lines for individuals. Geographically, First Mid Bancshares maintains a substantial footprint, operating 52 banking branches across Illinois, 14 offices in Missouri, and a dedicated loan production facility in Indiana. Founded in 1865, the company is based in Mattoon, Illinois. It was previously known as First Mid-Illinois Bancshares, Inc., before rebranding to its current name in April 2019.
Key statistics
Avg. volume
141.81K
Market cap
$1.31B
P/E Ratio
12.22
Price-to-sales ratio
2.88
Enterprise value
$1.62B
Free cash flow yield
9.40%
Debt-to-equity ratio
0.56
Return on equity
9.86%
ROIC
3.28%
Beta
0.77
Dividend yield
2.05%
Last dividend
$1.01
Financial overview
Revenue
$466.04M
Earnings per share
$3.84
Free cash flow
$124.03M
Net profit margin
22.01%
Gross margin
65.16%
EBITDA
$136.82M
Revenue growth
4.19%
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This is not an investment recommendation
How to buy First Mid Bancshares from India
Indian residents can buy First Mid Bancshares shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for First Mid Bancshares and place an order
Find First Mid Bancshares by name or by its ticker, FMBH, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. First Mid Bancshares trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your First Mid Bancshares position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in First Mid Bancshares from India
Trading and taxes when buying First Mid Bancshares from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. First Mid Bancshares’ current yield is 2.05%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy First Mid Bancshares stock?
Yes. First Mid Bancshares (FMBH) has been listed on NASDAQ since 1999, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one First Mid Bancshares share cost in rupees?
One First Mid Bancshares share is $49.36 — about ₹4,742 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the First Mid Bancshares price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying First Mid Bancshares from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of First Mid Bancshares?
Yes. One First Mid Bancshares share is $49.36, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in First Mid Bancshares.
How are gains on First Mid Bancshares shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the First Mid Bancshares price. Paasa issues a capital-gains statement for your return.
Does First Mid Bancshares pay a dividend, and how is it taxed in India?
Yes. First Mid Bancshares pays a dividend and the current yield is 2.05%; the last declared dividend was $1.01 per share, about ₹97.03. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade First Mid Bancshares from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on First Mid Bancshares shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare First Mid Bancshares shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your First Mid Bancshares holding, its cost and its closing value.
How do I sell First Mid Bancshares and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.