---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-22-000016"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:25:47.781148+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma Q3 net income $11.5M ($0.57/share), up 45% YoY; distributable earnings $0.59/share

## Summary
- Net income $11.5M ($0.57 basic EPS), up 45% YoY; distributable earnings $11.8M ($0.59), up 64%.
- Dividend $0.56/share paid Oct 14, 30% increase from Q3 2021; coverage extended for 7th consecutive quarter.
- Total net interest income $18.1M, up 71% YoY; portfolio $426.2M commitments across 12 companies, all performing.
- Book value $17.06/share, up 2.7% from Dec 2021; weighted avg yield to maturity ~20%.
- Egan-Jones reaffirmed BBB+ investment grade; CEO cites strong balance sheet with capacity for new deals.

## SEC filing metadata
- accession: 0001822523-22-000016
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182252322000016/0001822523-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252322000016/afcg-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-22-000016
- JSON: https://secwatch.observer/filing/0001822523-22-000016.json
- Plain text: https://secwatch.observer/filing/0001822523-22-000016.txt

## Key facts
- Earnings Releases
  Advanced Flower Capital Inc. reported the third quarter of 2022 results: net income $11.5 million, EPS $0.57 per basic weighted average share of common stock.
  - Period: the third quarter of 2022
  - Net income: $11.5 million
  - EPS: $0.57 per basic weighted average share of common stock
  - Result: reported results
  source text: Net income of $11.5 million in Q3 2022, or $0.57 per basic weighted average share of common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252322000016/0001822523-22-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.