XML 59 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
Earnings and Dividends Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings and Dividends Per Share Earnings and Dividends Per Share
Basic earnings per share is computed by dividing net earnings attributable to TXNM by the weighted average number of common shares outstanding during the period. Diluted earnings per share was computed by dividing net earnings attributable to TXNM by the diluted weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other agreements to issue common stock were settled. TXNM applies the treasury stock method for restricted stock, the 2022 ATM Program, and the 2024 ATM Program. The if-converted method is applied in determining the potential dilutive effect of the conversion of outstanding Convertible Notes.
Information regarding the computation of earnings per share and dividends per share is as follows:
 Year Ended December 31,
 202420232022
 (In thousands, except per share amounts)
Net Earnings Attributable to TXNM
$242,154 $87,818 $169,530 
Average Number of Common Shares:
Outstanding during year90,214 86,038 85,835 
Vested awards of restricted stock320 258 287 
Average Shares – Basic90,534 86,296 86,122 
Dilutive Effect of Common Stock Equivalents:
TXNM ATM Programs
12 38 — 
Restricted stock
45 35 47 
Average Shares – Diluted90,591 86,369 86,169 
Net Earnings Attributable to TXNM Per Share of Common Stock:
Basic$2.67 $1.02 $1.97 
Diluted$2.67 $1.02 $1.97 
Dividends Declared per Common Share$1.57 $1.49 $1.41