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Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income taxes        
Income tax expense $ 40,459 $ 43,503 $ 96,027 $ 89,817
PR        
Income taxes        
Computed income tax at statutory rates 81,843 72,998 141,412 149,983
Net benefit of tax exempt interest income (33,220) (27,316) (61,979) (49,218)
Effect of income subject to preferential tax rate 1,272 278 (148) (576)
Deferred tax asset valuation allowance (235) 994 2,328 (3,572)
Difference in tax rates due to multiple jurisdictions (4,456) (3,869) (5,129) (9,039)
Other tax benefits (4,500) 0 (4,500) 0
Tax on intercompany distributions     24,325 0
U.S., State and local taxes 2,204 3,037 3,240 6,392
Others (2,449) (2,619) (3,522) (4,153)
Income tax expense $ 40,459 $ 43,503 $ 96,027 $ 89,817
% of pre-tax income        
Computed income tax at statutory rates 38.00% 38.00% 38.00% 38.00%
Net benefit of tax exempt interest income (15.00%) (14.00%) (16.00%) (12.00%)
Effect of income subject to preferential tax rate 0.00% 0.00% 0.00% 0.00%
Deferred tax asset valuation allowance 0.00% 1.00% 0.00% (1.00%)
Difference in tax rates due to multiple jurisdictions (2.00%) (2.00%) (1.00%) (2.00%)
Other tax benefits (2.00%) 0.00% (1.00%) 0.00%
Tax on intercompany distributions     6.00% 0.00%
U.S., State and local taxes 1.00% 2.00% 1.00% 2.00%
Others (1.00%) (2.00%) (1.00%) (1.00%)
Income tax expense 19.00% 22.00% 26.00% 24.00%