---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-23-000033"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T10:29:27.002707+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001822523-23-000033
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1822523/000182252323000033/0001822523-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000033/afcg-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-23-000033
- JSON: https://secwatch.observer/filing/0001822523-23-000033.json
- Plain text: https://secwatch.observer/filing/0001822523-23-000033.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000033/0001822523-23-000033-index.htm

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