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

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

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