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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Amount        
Income tax expense $ 73,093 $ 24,628 $ 149,924 $ 27,725
PR        
Amount        
Computed income tax at statutory rates 109,189 57,096 236,488 71,121
Benefit of net tax exempt interest income (36,840) (29,424) (71,003) (62,320)
Deferred tax asset valuation allowance 5,832 2,610 16,153 8,148
Difference in tax rates due to multiple jurisdictions (4,881) (4,210) (15,829) 4,665
Effect of income subject to preferential tax rate (1,405) (2,727) (4,734) (4,627)
Adjustments in net deferred tax due to change in tax law (405) (2,153) (10,733) 6,851
State and local taxes 2,530 2,614 2,591 2,059
Other (927) 822 (3,009) 1,828
Income tax expense $ 73,093 $ 24,628 $ 149,924 $ 27,725
% of pre-tax income        
Computed income tax at statutory rates 38.00% 38.00% 38.00% 38.00%
Benefit of net tax exempt interest income (13.00%) (19.00%) (11.00%) (33.00%)
Deferred tax asset valuation allowance 2.00% 2.00% 3.00% 4.00%
Difference in tax rates due to multiple jurisdictions (2.00%) (3.00%) (3.00%) 2.00%
Effect of income subject to preferential tax rate (1.00%) (2.00%) (1.00%) (2.00%)
Adjustments in net deferred tax due to change in tax law 0.00% (2.00%) (2.00%) 4.00%
State and local taxes 1.00% 2.00% 0.00% 1.00%
Others 0.00% 0.00% 0.00% 1.00%
Income tax expense 25.00% 16.00% 24.00% 15.00%