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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, 2022
Dec. 31, 2021
Dec. 31, 2020
Financial Assets:      
Cash and due from banks $ 469,501 $ 428,433  
Money market investments 5,614,595 17,536,719  
Debt securities available-for-sale 17,804,374 24,968,269  
Debt securities held-to-maturity 8,518,455 71,365  
Equity securities:      
Equity securities, at lower of cost or realizable value 195,854 189,977  
Loans held in portfolio 31,357,467 28,545,191  
Mortgage servicing rights 128,350 121,570 $ 118,395
Deposits      
Time deposits 6,781,401 6,712,149  
Deposits 61,227,227 67,005,088  
Assets sold under agreements to repurchase 148,609 91,603  
Other short-term borrowings 365,000 75,000  
Notes payable:      
Notes payable 886,710 988,563  
Derivatives 17,000 22,878  
US Treasury Securities      
Financial Assets:      
Debt securities available-for-sale 11,180,948 15,859,030  
Debt securities held-to-maturity 8,453,467    
Obligations of Puerto Rico, States and political subdivisions      
Financial Assets:      
Debt securities held-to-maturity 59,010 65,380  
Collateralized Mortgage Obligations - Federal agencies      
Financial Assets:      
Debt securities available-for-sale 165,196 221,265  
Debt securities held-to-maturity 19 25  
Securities in wholly owned statutory business trusts      
Financial Assets:      
Debt securities held-to-maturity 5,959 5,960  
Other      
Financial Assets:      
Debt securities available-for-sale 1,060 128  
Carrying amount      
Financial Assets:      
Cash and due from banks 469,501 428,433  
Money market investments 5,614,595 17,536,719  
Trading account debt securities, excluding derivatives 27,723 29,711  
Debt securities available-for-sale 17,804,374 24,968,269  
Debt securities held-to-maturity 8,518,455 71,365  
Equity securities:      
FHLB stock 65,861 59,918  
FRB stock 96,206 96,217  
Other investments 33,787 33,842  
Equity securities, at lower of cost or realizable value 195,854 189,977  
Loans held-for-sale 5,381 59,168  
Loans held in portfolio 31,357,467 28,545,191  
Mortgage servicing rights 128,350 121,570  
Derivatives 19,229 26,093  
Deposits      
Demand deposits 54,445,825 60,292,939  
Time deposits 6,781,402 6,712,149  
Deposits 61,227,227 67,005,088  
Assets sold under agreements to repurchase 148,609 91,603  
Other short-term borrowings 365,000 75,000  
Notes payable:      
FHLB advances 389,282 492,429  
Unsecured senior debt securities 299,109 297,842  
Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,319 198,292  
Notes payable 886,710 988,563  
Derivatives 17,000 22,878  
Contingent consideration   9,241  
Carrying amount | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 8,453,467    
Carrying amount | Obligations of Puerto Rico, States and political subdivisions      
Financial Assets:      
Debt securities held-to-maturity 59,010 65,380  
Carrying amount | Collateralized Mortgage Obligations - Federal agencies      
Financial Assets:      
Debt securities held-to-maturity 19 25  
Carrying amount | Securities in wholly owned statutory business trusts      
Financial Assets:      
Debt securities held-to-maturity 5,959 5,960  
Fair Value      
Financial Assets:      
Cash and due from banks 469,501 428,433  
Money market investments 5,614,595 17,536,719  
Trading account debt securities, excluding derivatives 27,723 29,711  
Debt securities available-for-sale 17,804,374 24,968,269  
Debt securities held-to-maturity 8,440,196 83,368  
Equity securities:      
FHLB stock 65,861 59,918  
FRB stock 96,206 96,217  
Other investments 34,598 36,210  
Equity securities, at lower of cost or realizable value 196,665 192,345  
Loans held-for-sale 5,404 59,885  
Loans held in portfolio 29,366,365 27,489,583  
Mortgage servicing rights 128,350 121,570  
Derivatives 19,229 26,093  
Deposits      
Demand deposits 54,445,825 60,292,939  
Time deposits 6,464,943 6,647,301  
Deposits 60,910,768 66,940,240  
Assets sold under agreements to repurchase 148,566 91,602  
Other short-term borrowings 365,000 75,000  
Notes payable:      
FHLB advances 361,951 496,091  
Unsecured senior debt securities 300,027 319,296  
Junior subordinated deferrable interest debentures (related to trust preferred securities) 173,938 201,879  
Notes payable 835,916 1,017,266  
Derivatives 17,000 22,878  
Contingent consideration   9,241  
Fair Value | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 8,372,601    
Fair Value | Obligations of Puerto Rico, States and political subdivisions      
Financial Assets:      
Debt securities held-to-maturity 61,617 77,383  
Fair Value | Collateralized Mortgage Obligations - Federal agencies      
Financial Assets:      
Debt securities held-to-maturity 19 25  
Fair Value | Securities in wholly owned statutory business trusts      
Financial Assets:      
Debt securities held-to-maturity 5,959 5,960  
Fair Value | Level 1      
Financial Assets:      
Cash and due from banks 469,501 428,433  
Money market investments 5,607,937 17,530,640  
Trading account debt securities, excluding derivatives 13,069 6,530  
Debt securities available-for-sale 1,908,589 0  
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 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  
Contingent consideration   0  
Fair Value | Level 1 | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 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 6,658 6,079  
Trading account debt securities, excluding derivatives 14,119 22,703  
Debt securities available-for-sale 15,894,074 24,967,443  
Debt securities held-to-maturity 8,378,560 5,960  
Equity securities:      
FHLB stock 65,861 59,918  
FRB stock 96,206 96,217  
Other investments 29,302 32,429  
Equity securities, at lower of cost or realizable value 191,369 188,564  
Loans held-for-sale 0 0  
Loans held in portfolio 0 0  
Mortgage servicing rights 0 0  
Derivatives 19,229 26,093  
Deposits      
Demand deposits 54,445,825 60,292,939  
Time deposits 6,464,943 6,647,301  
Deposits 60,910,768 66,940,240  
Assets sold under agreements to repurchase 148,566 91,602  
Other short-term borrowings 365,000 75,000  
Notes payable:      
FHLB advances 361,951 496,091  
Unsecured senior debt securities 300,027 319,296  
Junior subordinated deferrable interest debentures (related to trust preferred securities) 173,938 201,879  
Notes payable 835,916 1,017,266  
Derivatives 17,000 22,878  
Contingent consideration   0  
Fair Value | Level 2 | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 8,372,601    
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions      
Financial Assets:      
Debt securities held-to-maturity 0 0  
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies      
Financial Assets:      
Debt securities held-to-maturity 0 0  
Fair Value | Level 2 | Securities in wholly owned statutory business trusts      
Financial Assets:      
Debt securities held-to-maturity 5,959 5,960  
Fair Value | Level 3      
Financial Assets:      
Cash and due from banks 0 0  
Money market investments 0 0  
Trading account debt securities, excluding derivatives 535 478  
Debt securities available-for-sale 1,711 826  
Debt securities held-to-maturity 61,636 77,408  
Equity securities:      
FHLB stock 0 0  
FRB stock 0 0  
Other investments 4,966 3,704  
Equity securities, at lower of cost or realizable value 4,966 3,704  
Loans held-for-sale 5,404 59,885  
Loans held in portfolio 29,366,365 27,489,583  
Mortgage servicing rights 128,350 121,570  
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 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  
Contingent consideration   9,241  
Fair Value | Level 3 | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 0    
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions      
Financial Assets:      
Debt securities held-to-maturity 61,617 77,383  
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies      
Financial Assets:      
Debt securities held-to-maturity 19 25  
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 330 77  
Equity securities, at lower of cost or realizable value 330 77  
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 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  
Contingent consideration   0  
Fair Value | NAV | US Treasury Securities      
Financial Assets:      
Debt securities held-to-maturity 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