EXHIBIT 11.0

Roslyn Bancorp, Inc.

Statement Re: Computation of Per Share Earnings

(In thousands, except share and per share amounts)

(Unaudited)



|                                                               |  | For theThree Months EndedJune 30, 2003 |            | For the Three Months Ended June 30, 2002
|-------------------------------------------------------------- |  | -------------------------------------- | ---------- | ----------------------------------------
|Net income available to common stockholders                    |  | $                                      | 35,612     |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Weighted average common shares outstanding                     |  |                                        | 72,301,711 |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Basic earnings per common share                                |  | $                                      | 0.49       |                                         
|                                                               |  |                                        |            |                                         
|Weighted average common shares outstanding                     |  |                                        | 72,301,711 |                                         
|                                                               |  |                                       
|Potential common stock due to dilutive effect of stock options |  |                                        | 1,010,269  |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Total shares for diluted earnings per share                    |  |                                        | 73,311,980 |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Diluted earnings per common share                              |  | $                                      | 0.49       |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|                                                               |  | For theSix Months EndedJune 30, 2003   |            | For the Six Months Ended June 30, 2002  
|Net income                                                     |  | $                                      | 73,070     |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Weighted average common shares outstanding                     |  |                                        | 73,356,238 |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Basic earnings per common share                                |  | $                                      | 1.00       |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Weighted average common shares outstanding                     |  |                                        | 73,356,238 |                                         
|                                                               |  |                                       
|Potential common stock due to dilutive effect of stock options |  |                                        | 1,005,988  |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Total shares for diluted earnings per share                    |  |                                        | 74,362,226 |                                         
|                                                               |  |                                        |            |                                         
|                                                               |  |                                       
|Diluted earnings per common share                              |  | $                                      | 0.98       |                                         
|                                                               |  |                                        |            |                                         



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