If you used the Finder to manually delete Time Machine backup files the backup should no longer be considered reliable because its database has been corrupted (see * below).
Erase the drive using Disk Utility and begin a new set of TM backups. That is the only way to recover its original capacity.
*
In the interest of technical accuracy: you can delete backup files in that manner, and it will work (see ** below), but it can take an extraordinarily long time (days) during which time the likelihood of restarting the Mac or disconnecting the backup drive is great. If that should occur, those incompletely deleted backup files renders TM's database invalid. Apple should not even permit viewing of those files using the Finder. The temptation to delete them is apparently irresistible. Look but don't touch.
**
Recent macOS versions of TM prohibit manually altering the backup drive, presumably for that reason.