XML 187 R173.htm IDEA: XBRL DOCUMENT v3.23.2
Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Deferred tax assets:    
Tax credits available for carryforward $ 7,195 $ 3,042
Net operating loss and other carryforward available 772,266 782,886
Postretirement and pension benefits 46,920 47,122
Allowance for credit losses 268,972 283,303
Depreciation 12,378 12,281
FDIC-assisted transaction 152,665 152,665
Lease liability 50,299 51,811
Unrealized net loss on investment securities 258,059 289,868
Difference in outside basis from pass-through entities 32,234 40,602
Mortgage servicing rights 14,700 13,711
Other temporary differences 39,292 24,937
Total gross deferred tax assets 1,654,980 1,702,228
Deferred tax liabilities:    
Intangibles 139,241 135,797
Right of use assets 45,139 46,277
Deferred loan origination fees/cost 4,574 4,037
Loans acquired 20,914 23,353
Other temporary differences 6,944 1,531
Total gross deferred tax liabilities 216,812 210,995
Valuation allowance 537,185 540,196
Net deferred tax asset 900,983 951,037
PR    
Deferred tax assets:    
Tax credits available for carryforward 261 261
Net operating loss and other carryforward available 122,293 121,742
Postretirement and pension benefits 46,920 47,122
Allowance for credit losses 238,377 250,615
Depreciation 6,033 5,972
FDIC-assisted transaction 152,665 152,665
Lease liability 29,241 28,290
Unrealized net loss on investment securities 235,339 265,955
Difference in outside basis from pass-through entities 32,234 40,602
Mortgage servicing rights 14,700 13,711
Other temporary differences 30,222 17,122
Total gross deferred tax assets 908,285 944,057
Deferred tax liabilities:    
Intangibles 83,032 81,174
Right of use assets 26,856 26,015
Deferred loan origination fees/cost 2,096 1,076
Loans acquired 20,914 23,353
Other temporary differences 6,522 1,531
Total gross deferred tax liabilities 139,420 133,149
Valuation allowance 138,825 137,863
Net deferred tax asset 630,040 673,045
US    
Deferred tax assets:    
Tax credits available for carryforward 6,934 2,781
Net operating loss and other carryforward available 649,973 661,144
Postretirement and pension benefits 0 0
Allowance for credit losses 30,595 32,688
Depreciation 6,345 6,309
FDIC-assisted transaction 0 0
Lease liability 21,058 23,521
Unrealized net loss on investment securities 22,720 23,913
Difference in outside basis from pass-through entities 0 0
Mortgage servicing rights 0 0
Other temporary differences 9,070 7,815
Total gross deferred tax assets 746,695 758,171
Deferred tax liabilities:    
Intangibles 56,209 54,623
Right of use assets 18,283 20,262
Deferred loan origination fees/cost 2,478 2,961
Loans acquired 0 0
Other temporary differences 422 0
Total gross deferred tax liabilities 77,392 77,846
Valuation allowance 398,360 402,333
Net deferred tax asset $ 270,943 $ 277,992