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Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
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Deferred tax assets: |  |
Tax credits available for carryforward | $ 3,042 | $ 3,042
Net operating loss and other carryforward available | 782,886 | 777,495
Postretirement and pension benefits | 47,122 | 57,002
Deferred loan origination fees/cost |  | 2,788
Allowance for credit losses | 283,303 | 265,372
Deferred gains |  | 1,642
Accelerated depreciation | 12,281 | 12,668
FDIC-assisted transaction | 152,665 | 152,665
Intercompany deferred gains | 1,548 |
Lease liability | 51,811 | 55,105
Unrealized net loss on investment securities | 289,868 |
Difference in outside basis from pass-through entities | 40,602 | 54,781
Other temporary differences | 37,100 | 46,930
Total gross deferred tax assets | 1,702,228 | 1,429,490
Deferred tax liabilities: |  |
Intangibles | 135,797 | 127,785
Unrealized net gain on investment securities |  | 7,146
Right of use assets | 46,277 | 49,307
Deferred loan origination fees/cost | 4,037 | 3,567
Other temporary differences | 24,884 | 45,386
Total gross deferred tax liabilities | 210,995 | 233,191
Valuation allowance | 540,196 | 539,527
Net deferred tax asset | 951,037 | 656,772
PR |  |
Deferred tax assets: |  |
Tax credits available for carryforward | 261 | 261
Net operating loss and other carryforward available | 121,742 | 112,331
Postretirement and pension benefits | 47,122 | 57,002
Deferred loan origination fees/cost |  | 2,788
Allowance for credit losses | 250,615 | 233,500
Deferred gains |  | 1,642
Accelerated depreciation | 5,972 | 5,246
FDIC-assisted transaction | 152,665 | 152,665
Intercompany deferred gains | 1,548 |
Lease liability | 28,290 | 31,211
Unrealized net loss on investment securities | 265,955 |
Difference in outside basis from pass-through entities | 40,602 | 54,781
Other temporary differences | 29,285 | 38,512
Total gross deferred tax assets | 944,057 | 689,939
Deferred tax liabilities: |  |
Intangibles | 81,174 | 76,635
Unrealized net gain on investment securities |  | 4,329
Right of use assets | 26,015 | 29,025
Deferred loan origination fees/cost | 1,076 | 0
Other temporary differences | 24,884 | 43,856
Total gross deferred tax liabilities | 133,149 | 153,845
Valuation allowance | 137,863 | 128,557
Net deferred tax asset | 673,045 | 407,537
US |  |
Deferred tax assets: |  |
Tax credits available for carryforward | 2,781 | 2,781
Net operating loss and other carryforward available | 661,144 | 665,164
Postretirement and pension benefits | 0 | 0
Deferred loan origination fees/cost |  | 0
Allowance for credit losses | 32,688 | 31,872
Deferred gains |  | 0
Accelerated depreciation | 6,309 | 7,422
FDIC-assisted transaction | 0 | 0
Intercompany deferred gains | 0 |
Lease liability | 23,521 | 23,894
Unrealized net loss on investment securities | 23,913 |
Difference in outside basis from pass-through entities | 0 | 0
Other temporary differences | 7,815 | 8,418
Total gross deferred tax assets | 758,171 | 739,551
Deferred tax liabilities: |  |
Intangibles | 54,623 | 51,150
Unrealized net gain on investment securities |  | 2,817
Right of use assets | 20,262 | 20,282
Deferred loan origination fees/cost | 2,961 | 3,567
Other temporary differences | 0 | 1,530
Total gross deferred tax liabilities | 77,846 | 79,346
Valuation allowance | 402,333 | 410,970
Net deferred tax asset | $ 277,992 | $ 249,235

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- Definition The sum of the tax effects as of the balance sheet date of the amount of excesses of tax deductions over gross income in a year which cannot be used on the tax returns in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset (Includes operating loss and pension carryforwards). + References No definition available. + Details
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