Primarily for the economies of emerging economies, the financial performance of banks, that both conduct financial intermediation tasks in the national and global system, is crucial. The most noticeable shocks to financial performance, according to the literature, are caused by financial risks. This study's aim is to involve balanced panel data analysis to investigate data from commercial banks that operated in the BIST banking sector between 2010 and 2020 in order to determine how financial risks affected financial performance in the banking industry. The panel cross-section dependency, unit root, and panel cointegration tests will be used to acquire the findings in the context of the adequacy of the data set, the variables, and the long-term connections between the variables.