UPDATE 1-Huntington Bancshares profit falls on FDIC charge, interest income weakness

Huntington Bancshares reported a 62% fall in fourth-quarter profit on Friday, hurt by a $214 million charge related to replenishing a government deposit insurance fund and a decline in the lender's income from interest on loans. The Federal Deposit Insurance Corporation's (FDIC) fund was drained of about $16 billion after two mid-sized banks collapsed in early 2023. Several financial institutions across the United States are required to refill the fund, which insures customer deposits in the case of a bank failure.