XML 283 R239.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note Income taxes (Differences between income tax expense (benefit) applicable to income before income taxes and amount computed by applying the statutory tax rate in Puerto Rico) (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Amount      
Adjustments in net deferred tax due to change in tax law $ 27,686 $ 168,358 $ 0
Income tax expense 119,579 230,830 78,784
PUERTO RICO      
Amount      
Computed income tax at statutory rates 287,717 132,020 114,792
Net benefit of net tax exempt interest income (97,199) (76,815) (63,053)
Deferred tax asset valuation allowance 27,336 20,882 16,585
Difference in tax rates due to multiple jurisdictions (16,324) (2,217) (4,092)
Adjustments in net deferred tax due to change in tax law 27,686 168,358 0
Unrecognized tax benefits (1,621) (1,185) (4,442)
State and local taxes 8,772 4,123 9,081
Other (5,050) (1,232) (1,242)
Income tax expense $ 119,579 $ 230,830 $ 78,784
% of pre-tax income      
Computed income tax at statutory rates 39.00% 39.00% 39.00%
Net benefit of net tax exempt interest income (13.00%) (23.00%) (22.00%)
Deferred tax asset valuation allowance 4.00% 6.00% 6.00%
Difference in tax rates due to multiple jurisdictions (3.00%) (1.00%) (1.00%)
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate 4.00% 50.00% 0.00%
Unrecognized tax benefits 0.00% 0.00% (2.00%)
State and local taxes 1.00% 1.00% 3.00%
Others (1.00%) 0.00% 0.00%
Income tax (benefit) expense 16.00% 68.00% 27.00%
PUERTO RICO | Effect Of Income Subject To Preferential Tax Rate      
Amount      
Other $ (111,738) [1] $ (13,104) $ 11,155
% of pre-tax income      
Others (15.00%) (4.00%) 4.00%
[1]
For the year ended December 31,2018, includes the impact of the Tax Closing Agreement entered into in connection with the Westernbank FDIC-assisted Transaction.