AFC Gamma reports Q3 2023 GAAP net income $0.39/share; appoints Daniel Neville as CEO

Advanced Flower Capital Inc.

2023-Q3 EPS reported $1.47 revenue$48,205,004

GAAP net income $8.0M ($0.39 per basic share); Distributable Earnings $9.9M ($0.49 per share).
Q3 2023 regular cash dividend of $0.48 per common share paid on Oct 13, 2023.
Distributable Earnings of $0.49 per share covered the $0.48 dividend in Q3.
Daniel Neville appointed CEO effective Nov 13, 2023; brings cannabis lending expertise.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Advanced Flower Capital Inc. reported third quarter of 2023 results: net income $8.0 million, EPS $0.39 per basic weighted average common share.

Period: third quarter of 2023
Net income: $8.0 million
EPS: $0.39 per basic weighted average common share
Result: reported results

Exact text from the filing

AFC Gamma reported generally accepted accounting principles (“GAAP”) net income of $8.0 million or $0.39 per basic weighted average common share and Distributable Earnings of $9.9 million or $0.49 per basic weighted average common share for the third quarter of 2023.

View on SEC.gov

31 earnings releases filed in the last 30 days. Browse all earnings releases →

Advanced Flower Capital Inc. filing history →

Source: SEC EDGAR

accession 0001822523-23-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.