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Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Financial Assets:        
Cash and due from banks $ 420,462 $ 469,501    
Money market investments 6,998,871 5,614,595    
Debt securities available-for-sale 16,729,044 17,804,374    
Debt securities held-to-maturity 8,188,555 8,518,455    
Equity securities:        
Equity securities, at lower of cost or realizable value 193,726 195,854    
Loans held in portfolio 34,335,630 31,357,467    
Mortgage servicing rights 118,109 128,350 $ 128,350 $ 121,570
Deposits        
Time deposits 8,501,892 6,781,401    
Deposits 63,618,243 61,227,227    
Assets sold under agreements to repurchase 91,384 148,609    
Other short-term borrowings 0 365,000    
Notes payable:        
Notes payable 986,948 886,710    
Derivatives 21,103 17,000    
US Treasury Securities        
Financial Assets:        
Debt securities available-for-sale 10,747,061 11,180,948    
Debt securities held-to-maturity 8,121,411 8,453,467    
Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 59,628 59,010    
Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities available-for-sale 134,686 165,196    
Debt securities held-to-maturity 1,556 19    
Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 5,960 5,959    
Other        
Financial Assets:        
Debt securities available-for-sale 2,511 1,060    
Carrying amount        
Financial Assets:        
Cash and due from banks 420,462 469,501    
Money market investments 6,998,871 5,614,595    
Trading account debt securities, excluding derivatives 31,568 27,723    
Debt securities available-for-sale 16,729,044 17,804,374    
Debt securities held-to-maturity 8,188,555 8,518,455    
Equity securities:        
FHLB stock 49,549 65,861    
FRB stock 98,948 96,206    
Other investments 45,229 33,787    
Equity securities, at lower of cost or realizable value 193,726 195,854    
Loans held-for-sale 4,301 5,381    
Loans held in portfolio 34,335,630 31,357,467    
Mortgage servicing rights 118,109 128,350    
Derivatives 24,419 19,229    
Deposits        
Demand deposits 55,116,351 54,445,825    
Time deposits 8,501,892 6,781,402    
Deposits 63,618,243 61,227,227    
Assets sold under agreements to repurchase 91,384 148,609    
Other short-term borrowings   365,000    
Notes payable:        
FHLB advances 394,665 389,282    
Unsecured senior debt securities 393,937 299,109    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,346 198,319    
Notes payable 986,948 886,710    
Derivatives 21,103 17,000    
Carrying amount | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 8,121,411 8,453,467    
Carrying amount | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 59,628 59,010    
Carrying amount | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 1,556 19    
Carrying amount | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 5,960 5,959    
Fair Value        
Financial Assets:        
Cash and due from banks 420,462 469,501    
Money market investments 6,998,871 5,614,595    
Trading account debt securities, excluding derivatives 31,568 27,723    
Debt securities available-for-sale 16,729,044 17,804,374    
Debt securities held-to-maturity 8,159,385 8,440,196    
Equity securities:        
FHLB stock 49,549 65,861    
FRB stock 98,948 96,206    
Other investments 46,144 34,598    
Equity securities, at lower of cost or realizable value 194,641 196,665    
Loans held-for-sale 4,328 5,404    
Loans held in portfolio 33,376,255 29,366,365    
Mortgage servicing rights 118,109 128,350    
Derivatives 24,419 19,229    
Deposits        
Demand deposits 55,116,351 54,445,825    
Time deposits 8,154,823 6,464,943    
Deposits 63,271,174 60,910,768    
Assets sold under agreements to repurchase 91,386 148,566    
Other short-term borrowings   365,000    
Notes payable:        
FHLB advances 377,851 361,951    
Unsecured senior debt securities 400,848 300,027    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 180,076 173,938    
Notes payable 958,775 835,916    
Derivatives 21,103 17,000    
Fair Value | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 8,092,339 8,372,601    
Fair Value | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 59,678 61,617    
Fair Value | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 1,408 19    
Fair Value | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 5,960 5,959    
Fair Value | Level 1        
Financial Assets:        
Cash and due from banks 420,462 469,501    
Money market investments 6,991,758 5,607,937    
Trading account debt securities, excluding derivatives 16,859 13,069    
Debt securities available-for-sale 3,936,036 1,908,589    
Debt securities held-to-maturity 0 0    
Equity securities:        
FHLB stock 0 0    
FRB stock 0 0    
Other investments 0 0    
Equity securities, at lower of cost or realizable value 0 0    
Loans held-for-sale 0 0    
Loans held in portfolio 0 0    
Mortgage servicing rights 0 0    
Derivatives 0 0    
Deposits        
Demand deposits 0 0    
Time deposits 0 0    
Deposits 0 0    
Assets sold under agreements to repurchase 0 0    
Other short-term borrowings   0    
Notes payable:        
FHLB advances 0 0    
Unsecured senior debt securities 0 0    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 0 0    
Notes payable 0 0    
Derivatives 0 0    
Fair Value | Level 1 | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | Level 1 | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | Level 2        
Financial Assets:        
Cash and due from banks 0 0    
Money market investments 7,113 6,658    
Trading account debt securities, excluding derivatives 14,425 14,119    
Debt securities available-for-sale 12,789,902 15,894,074    
Debt securities held-to-maturity 8,106,701 8,378,560    
Equity securities:        
FHLB stock 49,549 65,861    
FRB stock 98,948 96,206    
Other investments 37,965 29,302    
Equity securities, at lower of cost or realizable value 186,462 191,369    
Loans held-for-sale 4,328 0    
Loans held in portfolio 0 0    
Mortgage servicing rights 0 0    
Derivatives 24,419 19,229    
Deposits        
Demand deposits 55,116,351 54,445,825    
Time deposits 8,154,823 6,464,943    
Deposits 63,271,174 60,910,768    
Assets sold under agreements to repurchase 91,386 148,566    
Other short-term borrowings   365,000    
Notes payable:        
FHLB advances 377,851 361,951    
Unsecured senior debt securities 400,848 300,027    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 180,076 173,938    
Notes payable 958,775 835,916    
Derivatives 21,103 17,000    
Fair Value | Level 2 | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 8,092,339 8,372,601    
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 7,007 0    
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 1,395 0    
Fair Value | Level 2 | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 5,960 5,959    
Fair Value | Level 3        
Financial Assets:        
Cash and due from banks 0 0    
Money market investments 0 0    
Trading account debt securities, excluding derivatives 284 535    
Debt securities available-for-sale 3,106 1,711    
Debt securities held-to-maturity 52,684 61,636    
Equity securities:        
FHLB stock 0 0    
FRB stock 0 0    
Other investments 7,869 4,966    
Equity securities, at lower of cost or realizable value 7,869 4,966    
Loans held-for-sale 0 5,404    
Loans held in portfolio 33,376,255 29,366,365    
Mortgage servicing rights 118,109 128,350    
Derivatives 0 0    
Deposits        
Demand deposits 0 0    
Time deposits 0 0    
Deposits 0 0    
Assets sold under agreements to repurchase 0 0    
Other short-term borrowings   0    
Notes payable:        
FHLB advances 0 0    
Unsecured senior debt securities 0 0    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 0 0    
Notes payable 0 0    
Derivatives 0 0    
Fair Value | Level 3 | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 52,671 61,617    
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 13 19    
Fair Value | Level 3 | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | NAV        
Financial Assets:        
Cash and due from banks 0 0    
Money market investments 0 0    
Trading account debt securities, excluding derivatives 0 0    
Debt securities available-for-sale 0 0    
Debt securities held-to-maturity 0 0    
Equity securities:        
FHLB stock 0 0    
FRB stock 0 0    
Other investments 310 330    
Equity securities, at lower of cost or realizable value 310 330    
Loans held-for-sale 0 0    
Loans held in portfolio 0 0    
Mortgage servicing rights 0 0    
Derivatives 0 0    
Deposits        
Demand deposits 0 0    
Time deposits 0 0    
Deposits 0 0    
Assets sold under agreements to repurchase 0 0    
Other short-term borrowings   0    
Notes payable:        
FHLB advances 0 0    
Unsecured senior debt securities 0 0    
Junior subordinated deferrable interest debentures (related to trust preferred securities) 0 0    
Notes payable 0 0    
Derivatives 0 0    
Fair Value | NAV | US Treasury Securities        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies        
Financial Assets:        
Debt securities held-to-maturity 0 0    
Fair Value | NAV | Securities in wholly owned statutory business trusts        
Financial Assets:        
Debt securities held-to-maturity $ 0 $ 0