Zions Bancorporation Investor Presentation — January 2021

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Financial Review2Forward -Looking Statements; Use of Non -GAAP Financial Measures

Forward Looking Information

These materials include “forward -looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current

expectations and assumptions regarding future events or determinations, all of which are subject to known and unknown risks, uncertainties and other factors that may cause our actual

results, performance or achievements, market trends, industry results or regulatory outcomes to differ materially from those expressed or implied by such forward -looking statements.

Without limiting the foregoing, the words “forecasts,” “targets,” “anticipates,” “believes,” “can,” “continue,” “could,” “est imates,” “expects,” “intends,” “may,” “might,” “plans,” “projects,”

“should,” “would,” “will” and the negative thereof and similar words and expressions are intended to identify forward -looking st atements. Forward -looking statements by their nature

address matters that are, to different degrees, uncertain, such as statements about future financial and operating results. A ctual results and outcomes may differ materially from those

presented, either expressed or implied, in these materials. Important risk factors that may cause such material differences i nclude, but are not limited to, the effects of the spread of the

virus commonly referred to as the coronavirus or COVID -19 (and other potentially similar pandemic situations) and associated imp acts on general economic conditions on, among other

things, our customers’ ability to make timely payments on obligations, fee income revenue due to reduced loan origination act ivity and card swipe income, operating expense due to

alternative approaches to doing business, and so forth; the Bank’s ability to meet operating leverage goals; the rate of chan ge of interest -sensitive assets and liabilities relative to changes in

benchmark interest rates; the ability of the Bank to upgrade its core deposit system and implement new digital products in or derto remain competitive; risks associated with information

security, such as systems breaches and failures; and legislative, regulatory and economic developments. These risks, as well as other factors, are discussed in the Bank’s most recent Annual

Report on Form 10 -K and Quarterly Report on Form 10 -Q, filed with the Securities and Exchange Commission (SEC) and available at the SEC’s Internet site (https:// www.sec.gov/). In

addition, you may obtain documents filed with the SEC by the Bank free of charge by contacting: Investor Relations, Zions Ban corporation, N.A., One South Main Street, 11th Floor, Salt Lake