Exhibit 11.0

Roslyn Bancorp, Inc.

Statement Re: Computation
of Per Share Earnings

(In thousands, except share and per share amounts)

(Unaudited)



|                                                               |  | For the Three Months Ended March 31,
2003 |            | For the Three Months Ended March 31, 2002
|-------------------------------------------------------------- |  | ----------------------------------------- | ---------- | -----------------------------------------
|Net income available to common stockholders                    |  | $                                         | 37,458     |                                          
|                                                               |  |                                           |            |                                          
|                                                              
|Weighted average common shares outstanding                     |  |                                           | 74,417,324 |                                          
|                                                              
|                                                               |  |                                           |            |                                          
|                                                              
|Basic earnings per common share                                |  | $                                         | 0.50       |                                          
|                                                              
|                                                               |  |                                           |            |                                          
|                                                              
|Weighted average common shares outstanding                     |  |                                           | 74,417,324 |                                          
|                                                              
|Potential common stock due to dilutive effect of stock options |  |                                           | 1,062,353  |                                          
|                                                              
|                                                               |  |                                           |            |                                          
|                                                              
|Total shares for diluted earnings per share                    |  |                                           | 75,479,677 |                                          
|                                                              
|                                                               |  |                                           |            |                                          
|                                                              
|Diluted earnings per common share                              |  | $                                         | 0.50       |                                          
|                                                               |  |                                           |            |                                          



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