Sterling Bancorp 10-Q 2005 Q2 Quarterly report

Exhibit 11

STERLING BANCORP AND SUBSIDIARIES
Statement Re: Computation of Per Share Earnings

		Three Months Ended June 30,				Six Months Ended June 30,
		2005		2004		2005		2004
Net income available for common      shareholders	$	6,056,153	$	6,564,601	$	11,822,876	$	11,771,535
Weighted average common      shares outstanding		18,344,269		18,364,046		18,302,824		18,266,196
Add dilutive effect of:
Stock options		658,422		818,649		611,133		833,916
Convertible preferred stock		—		—		—		64,123
Adjusted for assumed diluted      computation		19,002,691		19,182,695		18,913,957		19,164,235
Basic earnings per share	$	0.33	$	0.35	$	0.65	$	0.64
Diluted earnings per share	$	0.33	$	0.34	$	0.63	$	0.61

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