EXHIBIT 11.0

Roslyn Bancorp, Inc.

Statement Re: Computation of Per Share Earnings

(In thousands, except share and per share amounts)

(Unaudited)

	For the Three Months Ended June 30, 2003		For the Three Months Ended June 30, 2002
Net income available to common stockholders	$	35,612	$	36,741


Weighted average common shares outstanding		72,301,711		79,227,551


Basic earnings per common share	$	0.49	$	0.46

Weighted average common shares outstanding		72,301,711		79,227,551

Potential common stock due to dilutive effect of stock options		1,010,269		2,109,300


Total shares for diluted earnings per share		73,311,980		81,336,851


Diluted earnings per common share	$	0.49	$	0.45


	For the Six Months Ended June 30, 2003		For the Six Months Ended June 30, 2002
Net income	$	73,070	$	70,325


Weighted average common shares outstanding		73,356,238		79,968,718


Basic earnings per common share	$	1.00	$	0.88


Weighted average common shares outstanding		73,356,238		79,968,718

Potential common stock due to dilutive effect of stock options		1,005,988		1,816,922


Total shares for diluted earnings per share		74,362,226		81,785,640


Diluted earnings per common share	$	0.98	$	0.86

ROSLYN BANCORP INC 10-Q