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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings 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 and the unsettled shares sold under forward sale agreements pursuant to the TXNM ATM Programs.
Information regarding the computation of earnings per share is as follows:

Three Months Ended
Six Months Ended
June 30,June 30,
2025202420252024
(In thousands, except per share amounts)
Net Earnings Attributable to TXNM
$21,576 $48,049 $30,499 $95,239 
Average Number of Common Shares:
Outstanding during period
95,793 90,200 94,235 90,200 
    Vested awards of restricted stock
339 304 348 293 
Average Shares – Basic
96,132 90,504 94,583 90,493 
Dilutive Effect of Common Stock Equivalents:
Restricted stock65 48 54 40 
Average Shares – Diluted
96,197 90,552 94,637 90,533 
Net Earnings Per Share of Common Stock:
Basic$0.22 $0.53 $0.32 $1.05 
Diluted$0.22 $0.53 $0.32 $1.05 

TXNM’s weighted average number of common shares outstanding for the three and six months ended June 30, 2025 was impacted by the settlement of the 1.1 million shares forward sold under the TXNM 2024 ATM Program and the issuance of 11.6 million shares of common stock in private placement transactions. See Note 9.