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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income taxes        
Income tax expense $ 42,463 $ 45,859 $ 138,490 $ 135,676
PR        
Income taxes        
Computed income tax at statutory rates 74,169 68,426 215,582 218,409
Net benefit of tax exempt interest income (29,055) (22,862) (91,035) (72,080)
Effect of income subject to preferential tax rate (327) (199) (475) (775)
Deferred tax asset valuation allowance 451 1,355 2,779 (2,217)
Difference in tax rates due to multiple jurisdictions (6,764) (2,839) (11,893) (11,879)
Other tax benefits     (4,500) 0
Tax on intercompany distributions     24,325 0
U.S., State and local taxes 3,429 2,436 6,669 8,829
Others 560 (458) (2,962) (4,611)
Income tax expense $ 42,463 $ 45,859 $ 138,490 $ 135,676
% of pre-tax income        
Computed income tax at statutory rates 38.00% 38.00% 38.00% 38.00%
Net benefit of tax exempt interest income (13.00%) (13.00%) (16.00%) (13.00%)
Effect of income subject to preferential tax rate 0.00% 0.00% 0.00% 0.00%
Deferred tax asset valuation allowance 0.00% 1.00% 0.00% 0.00%
Difference in tax rates due to multiple jurisdictions (3.00%) (2.00%) (2.00%) (3.00%)
Other tax benefits     (1.00%) 0.00%
Tax on intercompany distributions     4.00% 0.00%
U.S., State and local taxes 1.00% 1.00% 1.00% 2.00%
Others 0.00% 0.00% (1.00%) (1.00%)
Income tax expense 22.00% 25.00% 24.00% 23.00%