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

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