As of October 2016, the San Beda Red Lions have more collegiate championships in the seniors' division compared to the Letran Knights. San Beda has 112 seniors' collegiate championships while Letran has 94. Letran leads the General Championships Tally with 9 titles with San Beda having 8.
San Beda leads Letran 9–4 in different all-time sports categories.
As of October 2016, the San Beda Red Cubs leads the rivalry in the juniors' division with 102 championships while the Letran Squires has 70 championships. The Red Cubs also lead the general championships tally with 14 compared to the Squires' 8 general championships.
San Beda leads Letran 6–5 in different all-time sports categories.
The rivalry started on October 28, 1950, when Letran and San Beda meet in the finals for the first time. Letran then was led by Lauro Mumar while San Beda was led by Carlos Loyzaga. Letran is on the verge of sweeping the tournament to become eventual champions (the Final 4 format was not yet implemented), but San Beda beat them to arrange a championship showdown with the Knights. In the finals, Letran got their sweet revenge as they beat San Beda to get their second title in the NCAA. The Letran team was called "Murder Inc." by the late Willie Hernandez because of their merciless brand of basketball. After that historic match, San Beda kept on winning many championships until the 1970s while Letran ended the 1970s with six championships. During the 1980s the NCAA saw the downfall of the San Beda basketball program while Letran peaked and became a powerhouse team.
The final four was instituted in 1997;[2][3] prior to that the first and second round winners, plus the team with the best overall standing if it did not win either round, participated in the championship round to determine the champion.
With the exit of their fierce rivals, Ateneo for San Beda and La Salle for Letran, some say the rivalry has died down because of their heaven and earth situation not until in 2006 when the Lions won their 12th championship after 28 years. During that same year San Beda won twice against Letran and denied the Knights to gain a twice-to-beat advantage in the Final Four.
In 2007, San Beda and Letran played for the championship for the second time which was dubbed "The Dream Finals" because it featured two NCAA teams who have very rich basketball history and tradition. In this series, San Beda had a championship score to settle with Letran (to avenge their defeat in the finals 57 years prior). The Red Lions eventually swept the Knights, 2–0. San Beda's Rogemar Menor was named as the 2007 NCAA Finals MVP. Right now they are the most anticipated games in the NCAA which led to bringing the games at the Araneta Coliseum. They are also compared to UAAP's Ateneo–La Salle where in some columnists say it is the "icing in the cake" of today's NCAA.
^Letran had a 6–0 record prior to the game. San Beda's 1st win against Letran in years.
^San Beda overcame a 12-point deficit to win the game.
^San Beda had a 5–0 record prior to the game, Letran's 1st win against San Beda since 2005.
^Game was marred by a brawl during and after the game.
^Finals Game 1. 1st Meeting between San Beda and Letran in the Finals since 1950 and also San Beda's 1st win against Letran in the finals since the 1950 Finals defeat.
^Finals Game 2. San Beda successfully defends their title. Letran's 1st defeat in the finals since the 1980s and under Coach Louie Alas.
^San Beda's Borgie Hermida shoots the winning shot with just 2 seconds left in OT. San Beda then went on to win their third consecutive championship title.
^Semifinals. San Beda lost in the Finals vs. San Sebastian.
^Finals Game 1. Letran dealt San Beda's 1st Game 1 loss of the Finals since 2015 at the same time its 1st loss of the season after sweeping the regular season thus ending San Beda's 32-game winning streak dating back from last season and also Letran snapped its 8-game losing skid against San Beda since 2016.
Since 2007, San Beda leads the rivalry 28–7 but if the game on July 21, 2010, favored San Beda, San Beda will still be the leader of the rivalry but with a better record of 29–6.
^San Beda swept both the first and second round pennant. Needing to win to force a playoff for the second-round pennant, the Light Bombers fell short to the Red Cubs at the final game of the second round when John Henry Reyes split his free throw at the final seconds of the game, giving San Beda a 1-point 92–91 victory.
^Letran Squires completed a two-round sweep in winning back the Junior title they last held in 1985. The Squires were first-round winners when JRC Light Bombers were stripped of the pennant for fielding an ineligible player.
^Finals Game 3. Letran wins its 12th juniors basketball championship.
^Since San Beda swept the elimination round, they have a twice-to-beat advantage over eventual finals contender, Letran.
^This is a de facto best of three series with San Beda automatically leading 1–0. Therefore, San Beda has to win once, while Letran needed twice, to win the championship. San Beda was in command for most of Game 1, but Letran refused to lose and then took the lead, 90–88. San Beda then tied the game 93–all, thanks to Ford Arao's two free throws, 47 seconds remaining in the final period. In the next play, OJ Cua gave the lead again to the Squires, 95–93. Both teams split their charities in the final seconds, when Squire Marlon Bituin grabbed the miss from the other team, giving the Red Cubs their first loss of the season and sealing the victory for the Squires.
^The Red Cubs claimed their 11th NCAA juniors championship in the deciding Game 2, thanks to JVee Casio and Arvin Braganza's outside shooting and Jay Agbayani's inside presence.
Legend* Number denotes playoff seeding. Shade denotes final position. Finished as the champion Finished as the 1st runner-up Finished as semifinalist Lost in 4th-seed playoff Twice to beat advantage C Tournament cancelled
Notes
^2021-22 season was played in early 2022 and the tournament was held in into a round robin tournament instead of the usual double round eliminations.
^2023-24 season was played in early 2024 and the tournament was held in into a round robin tournament instead of the usual double round eliminations.