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<PAGE> 1
Exhibit 11
STERLING BANCORP AND SUBSIDIARIES
Statement Re: Computation of Per Share Earnings
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
--------------------------- ---------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Net income $3,998,658 $3,551,431 $7,877,217 $7,016,053
Less: preferred dividends 20,540 16,319 41,527 32,950
---------- ---------- ---------- ----------
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS
AND ADJUSTED FOR DILUTED COMPUTATION $3,978,118 $3,535,112 $7,835,690 $6,983,103
========== ========== ========== ==========
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 8,290,665 8,519,698 8,322,385 $8,552,318
Add dilutive effect of:
Stock options 77,771 133,211 79,163 139,533
Convertible preferred 240,678 242,906 241,194 243,344
---------- ---------- ---------- ----------
ADJUSTED FOR ASSUMED DILUTED COMPUTATION 8,609,114 8,895,815 $8,646,743 $8,935,196
========== ========== ========== ==========
BASIC EARNINGS PER SHARE $ 0.48 $ 0.42 $ 0.94 $ 0.82
========== ========== ========== ==========
DILUTED EARNINGS PER SHARE $ 0.47 $ 0.40 $ 0.91 $ 0.78
========== ========== ========== ==========
</TABLE>
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