It has crowded, linear leaves with a short point on the tip, golden brown flowers with a bright yellow style and prominent egg-shaped follicles.

[2][3][4][5]: 245 Banksia laricina was first formally described in 1964 by West Australian botanist Charles Gardner in the Journal of the Royal Society of Western Australia from specimens he collected in July 1958.

Cladistic analysis in a 1996 paper by Kevin Thiele and Pauline Ladiges suggested that the closest relatives of B. laricina appeared to be B. incana and B.

[5]: 175–176 Rose banksia is restricted to a small area near the Moore River and Regans Ford where it grows in low woodland.

[4][5] Banksia laricina is classified as "not threatened" by the Western Australian Government Department of Parks and Wildlife.