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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Amount        
Income tax expense $ 83,542 $ 41,168 $ 233,466 $ 68,893
PR        
Amount        
Computed income tax at statutory rates 124,370 78,594 360,859 149,715
Benefit of net tax exempt interest income (34,294) (31,177) (105,297) (93,497)
Deferred tax asset valuation allowance 3,529 2,185 19,682 10,333
Difference in tax rates due to multiple jurisdictions (9,600) (2,584) (25,429) 2,081
Effect of income subject to preferential tax rate (5,441) (3,095) (10,175) (7,722)
Unrecognized tax benefits (5,484) (2,163) (5,484) (2,163)
Adjustments in net deferred tax due to change in tax law 4,001 (4,030) (6,732) 2,821
State and local taxes 6,352 3,748 8,943 5,807
Other 109 (310) (2,901) 1,518
Income tax expense $ 83,542 $ 41,168 $ 233,466 $ 68,893
% 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 (10.00%) (15.00%) (11.00%) (24.00%)
Deferred tax asset valuation allowance 1.00% 1.00% 2.00% 3.00%
Difference in tax rates due to multiple jurisdictions (3.00%) (1.00%) (3.00%) 1.00%
Effect of income subject to preferential tax rate (2.00%) (2.00%) (1.00%) (2.00%)
Unrecognized tax benefits (2.00%) (1.00%) (1.00%) (1.00%)
Adjustments in net deferred tax due to change in tax law 1.00% (2.00%) (1.00%) 1.00%
State and local taxes 2.00% 2.00% 1.00% 1.00%
Others 0.00% 0.00% 0.00% 0.00%
Income tax expense 25.00% 20.00% 24.00% 17.00%