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Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |             | 
|--------------------------- | ------------------------------------------------------------------------- |  | --------------------------------------------- | ----------- | ----------------- |  | ------- | ----------- | ------- |  | - | ----------- |  |  | - | ----------- | 
|                            |                                                                           |  | Three Months Ended                            |             | Nine Months Ended
|                            |                                                                           |  |                                               |             |                  
|                            |                                                                           |  | 9/30/03                                       |             | 9/30/02           |  | 9/30/03 |             | 9/30/02
|                            |                                                                           |  |                                               |             |                   |  |         |             |        
|                            |                                                                           |  | (Dollars in thousands, except per share data)
|Basic earnings per share:   |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Net income                                                                |  | $                                             | 159,149     |                   |  | $       | 143,562     |         |  | $ | 472,677     |  |  | $ | 431,942     | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Weighted average common shares
outstanding                                |  |                                               | 224,399,805 |                   |  |         | 228,765,954 |         |  |   | 224,966,297 |  |  |   | 230,549,330 | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Basic earnings per share                                                  |  | $                                             | .71         |                   |  | $       | .63         |         |  | $ | 2.11        |  |  | $ | 1.87        | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|Diluted earnings per share: |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Net income                                                                |  | $                                             | 159,149     |                   |  | $       | 143,562     |         |  | $ | 472,677     |  |  | $ | 431,942     | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Weighted average common shares
outstanding                                |  |                                               | 224,399,805 |                   |  |         | 228,765,954 |         |  |   | 224,966,297 |  |  |   | 230,549,330 | 
|                            | Add common stock equivalents for
shares issuable under stock option plans |  |                                               | 6,262,124   |                   |  |         | 6,849,503   |         |  |   | 5,773,193   |  |  |   | 7,104,231   | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Weighted average common and common
equivalent shares outstanding          |  |                                               | 230,661,929 |                   |  |         | 235,615,457 |         |  |   | 230,739,490 |  |  |   | 237,653,561 | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            
|                            | Diluted earnings per share                                                |  | $                                             | .69         |                   |  | $       | .61         |         |  | $ | 2.05        |  |  | $ | 1.82        | 
|                            |                                                                           |  |                                               |             |                   |  |         |             |         |  |   |             |  |  |   |            

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