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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
The following table presents the compensation of our CEO, which is our principal executive officer, and our other NEOs, together with the cumulative shareholder return of the Company and the S&P U.S. BMI Banks Index, the Company’s net income and the Company’s tangible book value, which is in our assessment the most important financial performance measure used to link compensation actually paid our NEOs for the most recently completed fiscal year.
Value of Initial Fixed $100 Investment Based On:
YearSummary Compensation Table Total for PEO ($)1Compensation Actually Paid to PEO ($)1Average Summary Compensation Table Total for Non-PEO NEOs2Average Compensation Actually Paid to Non-PEO NEOs2Total Shareholder ReturnPeer Group Total Shareholder ReturnNet Income ($000)Company Selected Measure: Earnings per Share ($)
20233,489,4756,543,3521,144,0521,674,912174.51107.32181,1723.85
20223,061,5073,454,638984,2321,324,122124.4598.38166,2393.46
20213,020,8374,895,7811,030,9741,653,106116.81118.61146,1512.85
20202,782,7002,757,366896,370918,97980.2187.2474,3271.32
      
Company Selected Measure Name earnings per share      
Named Executive Officers, Footnote Our CEO, Mr. José R. Fernández, was the PEO in each year. In 2020, 2021, 2022, and 2023, $4,265,707, $4,113,982, $4,475,595, and $4,505,720, respectively, were deducted from the Summary Compensation Table Totals, which represent the grant date fair value of the equity awards he received in the corresponding fiscal year, and the fair value of unvested equity awards and dividends accrued on unvested performance shares as of the end of the immediately preceding fiscal year; and $4,240,373, $5,988,926, $4,868,726, and $6,392,586, respectively, were added, which represent the fair value as of the vesting date of awards that vest during the corresponding fiscal year and the fair value of all unvested equity awards and dividends accrued on unvested performance shares as of the end of the corresponding fiscal year .Mr. Ganesh Kumar, Ms. Maritza Arizmendi, and Mr. César Ortiz were Non-PEO NEOs in each year. The fourth Non-PEO NEOs was Ms. Mari E. Rodríguez in 2023, Mr. Patrick Haggarty in 2022, and Mr. José Cabrera in 2020 and 2021. In 2020, 2021, 2022, and 2023, $841,687, $946,806, $1,128,567, and $1,197,314, respectively, were the averages deducted from the Summary Compensation Table Totals, which represent the grant date fair value of the equity awards received in the corresponding fiscal year and the fair value of unvested equity awards and dividends accrued on unvested performance shares as of the end of the immediately preceding fiscal year; and $864,296, $1,507,653, $1,226,607, and $2,246,340, respectively, were the averages added, which represent the fair value as of the vesting date of awards that vest during the corresponding fiscal year and the fair value of all unvested equity awards and dividends accrued on unvested performance shares as of the end of the corresponding fiscal year .      
PEO Total Compensation Amount $ 3,489,475 $ 3,061,507 $ 3,020,837 $ 2,782,700
PEO Actually Paid Compensation Amount $ 6,543,352 3,454,638 4,895,781 2,757,366
Adjustment To PEO Compensation, Footnote Our CEO, Mr. José R. Fernández, was the PEO in each year. In 2020, 2021, 2022, and 2023, $4,265,707, $4,113,982, $4,475,595, and $4,505,720, respectively, were deducted from the Summary Compensation Table Totals, which represent the grant date fair value of the equity awards he received in the corresponding fiscal year, and the fair value of unvested equity awards and dividends accrued on unvested performance shares as of the end of the immediately preceding fiscal year; and $4,240,373, $5,988,926, $4,868,726, and $6,392,586, respectively, were added, which represent the fair value as of the vesting date of awards that vest during the corresponding fiscal year and the fair value of all unvested equity awards and dividends accrued on unvested performance shares as of the end of the corresponding fiscal year .      
Non-PEO NEO Average Total Compensation Amount $ 1,144,052 984,232 1,030,974 896,370
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,674,912 1,324,122 1,653,106 918,979
Adjustment to Non-PEO NEO Compensation Footnote Mr. Ganesh Kumar, Ms. Maritza Arizmendi, and Mr. César Ortiz were Non-PEO NEOs in each year. The fourth Non-PEO NEOs was Ms. Mari E. Rodríguez in 2023, Mr. Patrick Haggarty in 2022, and Mr. José Cabrera in 2020 and 2021. In 2020, 2021, 2022, and 2023, $841,687, $946,806, $1,128,567, and $1,197,314, respectively, were the averages deducted from the Summary Compensation Table Totals, which represent the grant date fair value of the equity awards received in the corresponding fiscal year and the fair value of unvested equity awards and dividends accrued on unvested performance shares as of the end of the immediately preceding fiscal year; and $864,296, $1,507,653, $1,226,607, and $2,246,340, respectively, were the averages added, which represent the fair value as of the vesting date of awards that vest during the corresponding fiscal year and the fair value of all unvested equity awards and dividends accrued on unvested performance shares as of the end of the corresponding fiscal year .      
Compensation Actually Paid vs. Total Shareholder Return
The following graph presents the relationship between executive compensation actually paid by the Company to our CEO and the average compensation actually paid to the NEOs other than our CEO and the of the Company’s cumulative total shareholder return over the past four years. It also compares our Company’s cumulative total shareholder return with that of our peer group over the same period.
Graph TSR.jpg
      
Compensation Actually Paid vs. Net Income
The following graph presents the relationship between compensation actually paid by the Company to our CEO and the average compensation actually paid to the NEOs other than our CEO and the Company’s net income over the past four years.
      
Compensation Actually Paid vs. Company Selected Measure
The following graph presents the relationship between compensation actually paid by the Company to our CEO and the average compensation actually paid to the NEOs other than our CEO and the Company’s earnings per share over the past four years.
EPS Graph.jpg
      
Total Shareholder Return Vs Peer Group
The following graph presents the relationship between executive compensation actually paid by the Company to our CEO and the average compensation actually paid to the NEOs other than our CEO and the of the Company’s cumulative total shareholder return over the past four years. It also compares our Company’s cumulative total shareholder return with that of our peer group over the same period.
Graph TSR.jpg
      
Tabular List, Table
The most important financial performance metrics used by the Company in our most recent fiscal year to link our NEOs compensation to our Company’s performance are earnings per share, tangible book value, average return on average tangible common equity, market share operating income, and efficiency ratio.
      
Total Shareholder Return Amount $ 174.51 124.45 116.81 80.21
Peer Group Total Shareholder Return Amount 107.32 98.38 118.61 87.24
Net Income (Loss) $ 181,172,000 $ 166,239,000 $ 146,151,000 $ 74,327,000
Company Selected Measure Amount | $ / shares 3.85 3.46 2.85 1.32
PEO Name José R. Fernández      
Measure:: 1        
Pay vs Performance Disclosure        
Name earnings per share      
Measure:: 2        
Pay vs Performance Disclosure        
Name tangible book value      
Measure:: 3        
Pay vs Performance Disclosure        
Name average return on average tangible common equity      
Measure:: 4        
Pay vs Performance Disclosure        
Name market share operating income      
Measure:: 5        
Pay vs Performance Disclosure        
Name efficiency ratio      
PEO | Deductions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (4,265,707) $ (4,113,982) $ (4,475,595) $ (4,505,720)
PEO | Additions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,240,373 5,988,926 4,868,726 6,392,586
Non-PEO NEO | Deductions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (841,687) (946,806) (1,128,567) (1,197,314)
Non-PEO NEO | Additions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 864,296 $ 1,507,653 $ 1,226,607 $ 2,246,340