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Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

|                               |                                                                           |  |                        |             |         |  |   |             | 
|------------------------------ | ------------------------------------------------------------------------- |  | ---------------------- | ----------- | ------- |  | - | ----------- | 
|                               |                                                                           |  | Three Months Ended    
|                               |                                                                           |  |                       
|                               |                                                                           |  | 3/31/02                |             | 3/31/01
|                               |                                                                           |  |                        |             |        
|                               |                                                                           |  | (Dollars in thousands,
|                               |                                                                           |  | except per share data)
|Basic earnings per share(1):   |                                                                           |  |                        |             |         |  |   |            
|                               | Net income                                                                |  | $                      | 139,823     |         |  | $ | 114,790     | 
|                               |                                                                           |  |                        |             |         |  |   |            
|                               | Weighted average common shares outstanding                                |  |                        | 220,652,028 |         |  |   | 218,849,204 | 
|                               |                                                                           |  |                        |             |         |  |   |            
|                               | Basic earnings per share                                                  |  | $                      | .63         |         |  | $ | .52         | 
|                               |                                                                           |  |                        |             |         |  |   |            
|Diluted earnings per share(1): |                                                                           |  |                        |             |         |  |   |            
|                               | Net income                                                                |  | $                      | 139,823     |         |  | $ | 114,790     | 
|                               |                                                                           |  |                        |             |         |  |   |            
|                               | Weighted average common shares outstanding                                |  |                        | 220,652,028 |         |  |   | 218,849,204 | 
|                               | Add common stock equivalents for shares issuable under stock option plans |  |                        | 6,226,004   |         |  |   | 5,394,823   | 
|                               |                                                                           |  |                        |             |         |  |   |            
|                               | Weighted average common and common equivalent shares outstanding          |  |                        | 226,878,032 |         |  |   | 224,244,027 | 
|                               |                                                                           |  |                        |             |         |  |   |            
|                               | Diluted earnings per share                                                |  | $                      | .62         |         |  | $ | .51         | 
|                               |                                                                           |  |                        |             |         |  |   |            



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|(1) |  | Restated to reflect the 5% stock dividend issued September 28, 2001.
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