Exhibit 11
QUEENS COUNTY BANCORP, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands, except per share data) 2000 1999(1) 2000 1999(2)
------------------------------------------------ ------------------- --------------------
<S> <C> <C> <C> <C>
Net income $7,785 $8,775 $23,149 $24,460
Weighted average common shares outstanding 17,271 18,531 17,796 18,603
Earnings per common share $0.45 $0.47 $1.30 $1.31
Weighted average common shares outstanding 17,271 18,531 17,796 18,603
Additional dilutive shares using average market
value for the period when utilizing the
Treasury stock method regarding stock options 223 451 199 452
------- ------- ------- -------
Total shares for diluted earnings per share 17,494 18,982 17,995 19,055
======= ======= ======= =======
Diluted earnings per common share
and common share equivalents $0.45 $0.46 $1.29 $1.28
======= ======= ======= =======
</TABLE>
(1) Third quarter 1999 data includes an after-tax curtailment gain of
$862,000, or $0.04 per share, pursuant to the freezing of the Bank's
defined benefit pension plan at September 30.
(2) Data for the first nine months of 2000 includes the curtailment gain cited
in footnote 1 and a net benefit of $1.1 million, or $0.06 per share,
stemming from the reversal of $2.0 million from the allowance for loan
losses in the first quarter.
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