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| Exhibit 11 STERLING BANCORP AND SUBSIDIARIESStatement Re: Computation of Per Share Earnings(Unaudited & Restated)  **Three Months Ended      June 30,** **Six Months Ended      June 30,**  **2004** **2003** **2004** **2003** Net income [1]$ 6,564,601 $ 5,817,947 $ 11,771,535 $ 11,551,732 Less: preferred dividends —  31,351  —  63,144      Net income available for common  shareholders and adjusted for  diluted computation [1]$ 6,564,601 $ 5,786,596 $ 11,771,535 $ 11,488,588                   Weighted average common  shares outstanding [2] 18,364,046  17,881,625  18,266,196  17,877,658 Add dilutive effect of:    Stock options [2] 818,649  721,609  833,916  702,877     Convertible preferred stock —  229,222  64,123  230,405      Adjusted for assumed diluted  computation [2] 19,182,695  18,832,456  19,164,235  18,810,940                   Basic earnings per share [1] [2]$ 0.35 $ 0.32 $ 0.64 $ 0.64      Diluted earnings per share [1] [2]$ 0.34 $ 0.31 $ 0.61 $ 0.61       [1] Restated; see Note 2 on page 9. [2] Restated; see Note 1 on page 9. |