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Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income taxes        
Income tax expense $ 35,971 $ 42,463 $ 128,918 $ 138,490
PR        
Income taxes        
Computed income tax at statutory rates 92,733 74,169 273,066 215,582
Net benefit of tax exempt income (51,732) (29,055) (137,061) (91,035)
Effect of income subject to preferential tax rate (2,490) (327) (4,009) (475)
Deferred tax asset valuation allowance 2,748 451 10,680 2,779
Difference in tax rates due to multiple jurisdictions (6,212) (6,764) (11,469) (11,893)
Other tax benefits     0 (4,500)
Tax on intercompany distributions     0 24,325
State and local taxes 2,717 3,429 7,167 6,669
Others (1,794) 560 (9,456) (2,962)
Income tax expense $ 35,970 $ 42,463 $ 128,918 $ 138,490
% of pre-tax income        
Computed income tax at statutory rates 37.50% 37.50% 37.50% 37.50%
Net benefit of tax exempt income (20.90%) (13.30%) (18.80%) (15.80%)
Effect of income subject to preferential tax rate (1.00%) 0.00% (0.60%) (0.10%)
Deferred tax asset valuation allowance 1.10% 0.00% 1.50% 0.50%
Difference in tax rates due to multiple jurisdictions (2.50%) (3.10%) (1.60%) (2.10%)
Other tax benefits     0.00% (0.80%)
Tax on intercompany distributions     0.00% 4.20%
State and local taxes 1.10% 0.40% 1.00% 1.20%
Others (0.80%) 0.00% (1.30%) (0.50%)
Income tax expense 14.50% 21.50% 17.70% 24.10%