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EXHIBIT 11
CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS
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THREE MONTHS ENDED NINE MONTHS ENDED
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9/30/00 9/30/99 9/30/00 9/30/99
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(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
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BASIC EARNINGS PER SHARE(1):
Weighted average number of common
shares outstanding .................. 209,379,604 223,149,954 215,626,442 224,314,019
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Net income ............................ $ 109,592 $ 104,502 $ 324,588 $ 315,824
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Basic earnings per share .............. $ .52 $ .47 $ 1.50 $ 1.41
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DILUTED EARNINGS PER SHARE(1):
Weighted average number of common
shares outstanding .................. 209,379,604 223,149,954 215,626,442 224,314,019
Add common stock equivalents for shares
issuable under stock option plans ... 4,386,828 4,802,275 3,739,680 5,385,237
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Weighted average number of common and
common equivalent shares outstanding 213,766,432 227,952,229 219,366,122 229,699,256
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Net income ............................ $ 109,592 $ 104,502 $ 324,588 $ 315,824
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Diluted earnings per share ............ $ .51 $ .46 $ 1.48 $ 1.38
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(1) Restated to reflect the 5% stock dividend issued September 30, 2000.
