<PAGE> 1
[EXHIBIT 11]
NORTH FORK BANCORPORATION, INC.
COMPUTATION OF NET INCOME PER COMMON EQUIVALENT SHARE
SEPTEMBER 30, 2000
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
(in thousands, except per share amounts) SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
2000 1999 2000 1999
<S> <C> <C> <C> <C>
Net Income ............................................. $72,683,800 $61,332,391 $160,614,424 $187,631,908
Common Equivalent Shares:
Weighted Average Common Shares Outstanding ............. 171,950,950 162,336,748 168,658,620 165,298,487
Weighted Average Common Equivalent Shares .............. 1,261,698 1,377,779 1,197,342 1,458,597
----------- ----------- ----------- -----------
Weighted Average Common and Common Equivalent Shares.... 173,212,648 163,714,527 169,855,962 166,757,084
=========== ============ ============ ===========
Net Income per Common Equivalent Share - Basic ......... $0.42 $0.38 $0.95 $1.14
Net Income per Common Equivalent Share - Diluted ....... $0.42 $0.37 $0.95 $1.13
</TABLE>
