The 41-year-old "America's Next Top Model" host is leaving the talk show, that started in September, to focus on her cosmetic line, reported Us magazine.
"This is a very difficult decision, but necessary. I will be devoting more time to my new, growing cosmetics company, TYRA Beauty, which is expanding faster than anticipated, as well as overseeing my company's other entertainment ventures," Banks said in a statement.
"I will however continue to support the growth and success of 'FABLife' and greatly admire my fellow co-hosts and the talented production team behind the show," she added.
"FABLife" focuses on topics such as fashion, beauty, and food.
The hosting panel includes Chrissy Teigen, Leah Ashley, Lauren Makk, and Joe Zee.
The news comes a month after Tyra announced "America's Next Top Model" would end its run after cycle 22.
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