Nicolet Bankshares increases stock buyback authorization by $50M to $81M total

NICOLET BANKSHARES INC

Board authorized additional $50M repurchase, adding to $31M remaining, total $81M.
Repurchase represents ~5% of outstanding common stock.
CEO states stock is 'best acquisition right now' given market conditions and cash position.
Company completed two acquisitions and branch rationalization in 2021.
Repurchases to be funded from cash on hand; timing depends on market conditions.

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