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EXHIBIT 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |             | 
|------------------------------ | ------------------------------------------------------------------------- |  | --------------------------------------------- | ----------- | ---------------- |  | ------- | ----------- | ------- |  | - | ----------- |  |  | - | ----------- | 
|                               |                                                                           |  | Three Months Ended                            |             | Six Months Ended
|                               |                                                                           |  |                                               |             |                 
|                               |                                                                           |  | 6/30/03                                       |             | 6/30/02          |  | 6/30/03 |             | 6/30/02
|                               |                                                                           |  |                                               |             |                  |  |         |             |        
|                               |                                                                           |  | (Dollars in thousands, except per share data)
|Basic earnings per share(1):   |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Net income                                                                |  | $                                             | 166,037     |                  |  | $       | 145,895     |         |  | $ | 313,528     |  |  | $ | 288,380     | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Weighted average common shares
outstanding                                |  |                                               | 225,501,687 |                  |  |         | 231,197,406 |         |  |   | 225,249,543 |  |  |   | 231,441,018 | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Basic earnings per share                                                  |  | $                                             | .74         |                  |  | $       | .63         |         |  | $ | 1.40        |  |  | $ | 1.24        | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|Diluted earnings per share(1): |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Net income                                                                |  | $                                             | 166,037     |                  |  | $       | 145,895     |         |  | $ | 313,528     |  |  | $ | 288,380     | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Weighted average common shares
outstanding                                |  |                                               | 225,501,687 |                  |  |         | 231,197,406 |         |  |   | 225,249,543 |  |  |   | 231,441,018 | 
|                               | Add common stock equivalents for
shares issuable under stock option plans |  |                                               | 5,594,007   |                  |  |         | 7,925,886   |         |  |   | 5,528,728   |  |  |   | 7,231,596   | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Weighted average common and common
equivalent shares outstanding          |  |                                               | 231,095,694 |                  |  |         | 239,123,292 |         |  |   | 230,778,271 |  |  |   | 238,672,614 | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Diluted earnings per share                                                |  | $                                             | .72         |                  |  | $       | .61         |         |  | $ | 1.36        |  |  | $ | 1.21        | 
|                               |                                                                           |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            



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|(1) |  | Restated to reflect the 5% stock dividend issued September 30, 2002.
|--- |  | --------------------------------------------------------------------

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