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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Amount        
Income tax expense $ 45,859 $ 67,986 $ 135,676 $ 182,677
PR        
Amount        
Computed income tax at statutory rates 68,426 183,893 218,409 385,567
Net benefit of tax exempt interest income (22,862) (35,403) (72,080) (112,669)
Effect of income subject to preferential tax rate (199) (109,588) (775) (116,630)
Deferred tax asset valuation allowance 1,355 3,724 (2,217) 9,662
Difference in tax rates due to multiple jurisdictions (2,839) (7,147) (11,879) (20,457)
Unrecognized tax benefits 0 (1,503) 0 (1,503)
State and local taxes 2,436 3,726 8,829 10,957
Other (458) 30,284 (4,611) 27,750
Income tax expense $ 45,859 $ 67,986 $ 135,676 $ 182,677
% 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%) (8.00%) (13.00%) (12.00%)
Effect of income subject to preferential tax rate 0.00% (22.00%) 0.00% (11.00%)
Deferred tax asset valuation allowance 1.00% 1.00% 0.00% 1.00%
Difference in tax rates due to multiple jurisdictions (2.00%) (2.00%) (3.00%) (2.00%)
Unrecognized tax benefits 0.00% 0.00% 0.00% 0.00%
State and local taxes 1.00% 1.00% 2.00% 1.00%
Others 0.00% 6.00% (1.00%) 3.00%
Income tax expense 25.00% 14.00% 23.00% 18.00%