Income taxes (Tables)

6 Months Ended

Jun. 30, 2016

Schedule Of Deferred Tax Assets And Liabilities Table Text Block

(In thousands)			June 30, 2016		December 31, 2015
Deferred tax assets:
Tax credits available for carryforward		$	13,651	$	13,651
Net operating loss and other carryforward available			1,254,304		1,262,197
Postretirement and pension benefits			113,395		116,036
Deferred loan origination fees			5,944		6,420
Allowance for loan losses			649,374		670,592
Deferred gains			5,410		5,966
Accelerated depreciation			8,092		8,335
Intercompany deferred gains			2,421		2,743
Difference in outside basis from pass-through entities			10,972		12,684
Other temporary differences			31,614		29,208
	Total gross deferred tax assets		2,095,177		2,127,832
Deferred tax liabilities:
FDIC-assisted transaction			92,321		90,778
Indefinite-lived intangibles			68,775		63,573
Unrealized net gain on trading and available-for-sale securities			44,633		22,281
Other temporary differences			7,647		6,670
	Total gross deferred tax liabilities		213,376		183,302
Valuation allowance			638,791		642,727
Net deferred tax asset		$	1,243,010	$	1,301,803

Summary Of Income Tax Contingencies Text Block

(In millions)		2016		2015
Balance at January 1	$	9.0	$	8.0
Additions for tax positions - January through March		0.4		0.3
Reduction as a result of settlements - January through March		-		(0.5)
Balance at March 31	$	9.4	$	7.8
Additions for tax positions - April through June		0.3		0.3
Balance at June 30	$	9.7	$	8.1

PUERTO RICO

Schedule Of Effective Income Tax Rate Reconciliation Table Text Block

		Quarters ended
		June 30, 2016				June 30, 2015
(In thousands)		Amount	% of pre-tax income			Amount	% of pre-tax income
Computed income tax expense at statutory rates	$	47,359	39	%	$	24,923	39	%
Net benefit of tax exempt interest income		(15,890)	(13)			(16,141)	(25)
Deferred tax asset valuation allowance		3,436	3			(542,706)	(849)
Difference in tax rates due to multiple jurisdictions		(1,113)	(1)			(542)	-
Effect of income subject to preferential tax rate		(4,722)	(4)			593	1
State and local taxes		2,158	2			1,388	2
Others		1,218	1			(1,048)	(2)
Income tax expense (benefit)	$	32,446	27	%	$	(533,533)	(834)	%

		Six months ended
		June 30, 2016				June 30, 2015
(In thousands)		Amount	% of pre-tax income			Amount	% of pre-tax income
Computed income tax expense at statutory rates	$	93,092	39	%	$	66,283	39	%
Net benefit of tax exempt interest income		(31,474)	(13)			(31,169)	(18)
Deferred tax asset valuation allowance		8,709	3			(537,067)	(316)
Difference in tax rates due to multiple jurisdictions		(1,977)	(1)			(817)	(1)
Effect of income subject to preferential tax rate		(8,136)	(3)			(1,878)	(1)
State and local taxes		5,085	2			2,719	1
Others		(588)	-			965	1
Income tax expense (benefit)	$	64,711	27	%	$	(500,964)	(295)	%