|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                          |   |   |                  |
|------------------------------------------------------------|--------|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|--------|--------|-----------------------|
|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                          |   |   | **Exhibit        11** |
|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                          |   |   |                  |
| **STERLING        BANCORP AND SUBSIDIARIES**               |
| **Statement        Re: Computation of Per Share Earnings** |
|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                          |   |   |                  |
|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **Three        Months Ended** |
|                                                       |   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **March        31,**          |
|                                                       |   |   |   |   |  

 

 

 

 

 

**2005**
 
 

**2004**

 

 

 

 

 
 
 

 

 

 

 

 

 
 
 

 

Net        income available for common

 

 

 

 
 
 

 

shareholders

 

 

 

 

$

5,766,723        
 
$

5,206,934        

 

 

 

 

 
 
 

 

 

 

 

 

 
 
 

 

Weighted        average common shares outstanding

 

 

 

 

 

18,258,783        
 
 

18,220,065        

 

 

 

 

 

 
    
Add        dilutive effect of:

 

 

 

 

 

 
 
 

 

Stock        options

 

 

 

 

 

667,905        
 
 

878,637        

Convertible        preferred stock 

 

 

 

—
 
 

112,216        

Adjusted        for assumed diluted
 
computation

 

 

 

 

 

18,926,688        
 
 

19,210,918        

 

 

 

 

 
 
 

 

 

 

 

 

 
 
 

 

 

 

 

 

 

 

 
 
 

 

Basic        earnings per share

 

 

 

 

 

$0.32        
 
 

$0.29        

 

 

 

 

 
 
Diluted        earnings per share

 

 

 

 

$0.30        
 
 

$0.27        

 

 

 

 
 
 

 

 

 

 

 

 
 
 

 

33

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