Exhibit 11

STERLING BANCORP AND SUBSIDIARIES
Statement Re: Computation of Per Share Earnings(dollars in thousands, except per share)

|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|---------------------------------------------------------------------------------- |  | --------------------------------- | ---------- | -------------------------------- | - | ---------- |  | ---- | ---------- |  | - | ---------- | 
|                                                                                   |  | Three Months Ended
 September 30, |            | Nine Months Ended
 September 30, |  
|                                                                                   |  |                                   |            |                                  |  
|                                                                                   |  | 2009                              |            | 2008                             |   | 2009       |  | 2008 |           
|                                                                                   |  |                                   |            |                                  |   |            |  |      |           
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Net income                                                                         |  | $                                 | 2,398      |                                  | $ | 3,785      |  | $    | 6,785      |  | $ | 11,957     | 
|Dividends on preferred shares and accretion                                        |  |                                   | 646        |                                  |   | 0          |  |      | 2,125      |  |   | 0          | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Net income available for common shareholders and adjusted for diluted
 computation |  | $                                 | 1,752      |                                  | $ | 3,785      |  | $    | 4,660      |  | $ | 11,957     | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Weighted average common shares outstanding                                         |  |                                   | 18,106,491 |                                  |   | 18,015,871 |  |      | 18,104,057 |  |   | 17,972,517 | 
|Add dilutive effect of: Stock options                                              |  |                                   | 13,921     |                                  |   | 210,940    |  |      | 88,528     |  |   | 246,858    | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Adjusted for assumed diluted computation                                           |  |                                   | 18,120,412 |                                  |   | 18,226,811 |  |      | 18,192,585 |  |   | 18,219,375 | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Net income available to common shareholders, per average common
 share:            |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Basic                                                                              |  | $                                 | 0.10       |                                  | $ | 0.21       |  | $    | 0.26       |  | $ | 0.67       | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|Diluted                                                                            |  | $                                 | 0.10       |                                  | $ | 0.21       |  | $    | 0.26       |  | $ | 0.66       | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 
|                                                                                   |  |                                   |            |                                  |   |            |  |      |            |  |   |            | 

59

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