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Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income taxes      
Change in tax rates $ 0 $ 1,000  
Income tax expense 182,406 134,197 $ 132,330
PR      
Income taxes      
Computed income tax at statutory rates 298,732 253,327 463,114
Net benefit of tax exempt interest income (125,732) (95,222) (165,065)
Effect of income subject to preferential tax rate (29) (1,854) (86,797)
Deferred tax asset valuation allowance 3,390 2,304 (21,469)
NOL Adjustments 0 0 (34,817)
Difference in tax rates due to multiple jurisdictions (17,111) (12,857) (26,887)
Unrecognized tax benefits 0 (1,529) (1,503)
Other tax benefits (4,500) (2,925) 0
Tax on intercompany distributions 24,325 0 0
U.S., State and local taxes 9,634 6,687 14,981
Others (6,303) (13,734) (9,227)
Income tax expense $ 182,406 $ 134,197 $ 132,330
% of pre-tax income      
Computed income tax at statutory rates 38.00% 38.00% 38.00%
Net benefit of tax exempt interest income (16.00%) (14.00%) (13.00%)
Effect of income subject to preferential tax rate 0.00% 0.00% (7.00%)
Deferred tax asset valuation allowance 0.00% 0.00% (2.00%)
NOL Adjustments 0.00% 0.00% (3.00%)
Difference in tax rates due to multiple jurisdictions (2.00%) (2.00%) (2.00%)
Unrecognized tax benefits 0.00% 0.00% 0.00%
Other tax benefits 0.00% 0.00% 0.00%
Tax on intercompany distributions 3.00% 0.00% 0.00%
U.S., State and local taxes 1.00% 3.00% 1.00%
Others (1.00%) (2.00%) (1.00%)
Income tax expense 23.00% 23.00% 11.00%